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Growth to remain below target — BMI

By Melissa Luz T. Lopez Senior Reporter BMI RESEARCH has raised its growth forecast for the Philippines, but still expects that the pace will log below the government’s full-year goal amid softer private investments and tighter financial conditions. The Fitch unit now sees 2018 gross domestic product (GDP) growth at 6.5%, faster than their previous […] The post Growth to remain below target — BMI appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 17th, 2018

IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia’s growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government’s aggressive fiscal plans......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2017

Front Page: IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia's growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government's aggressive fiscal plans......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

World Bank maintains two-year growth forecasts for PH at 6.7%

Despite external shocks, the World Bank is keeping its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure.   In a statement on Friday, the Washington-based multilateral lender said it was keeping its gross domestic product (GDP) growth projections for the Philippines for 2018 and 2019 "despite rising global uncertainty."   Its forecasts, however, were below the government's target range of 7-8 percent yearly growth from 2018 to 2022.   The Philippine economy grew by 6.7 percent last year, which was among the fastest across emerging Asian economies. ...Keep on reading: World Bank maintains two-year growth forecasts for PH at 6.7%.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

World Bank keeps growth target

World Bank keeps growth target Source link link: World Bank keeps growth target.....»»

Category: newsSource:  manilainformerRelated NewsJul 13th, 2018

World Bank keeps below-target forecast for Philippine economy

The World Bank on Friday retained its growth projections for the Philippine economy that, if realized, will miss the government’s target......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2018

WB sees PH GDP growing 6.7% in 2018-2019 ‘despite rising global uncertainty’

Despite external shocks, the World Bankon Fridaysaid it kept its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure. In a statement, the Washington-based multilateral lender said it maintained its gross domestic product (GDP) growth projections for the Philippines for the years 2018 and 2019 "despite rising global uncertainty." The World Bank's forecasts were nonetheless below the government's target range of 7-8 percent growth yearly starting this year until 2022. The Philippine economy grew 6.7 percent last year, among the fastest across emerging Asian economies. Revise...Keep on reading: WB sees PH GDP growing 6.7% in 2018-2019 ‘despite rising global uncertainty’.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

PH growth to fall below 7-8% target

Duterte comments, policy changes a major concern – Capital Economics Philippine economic growth will likely stay “decent” over the medium term but fall short of the government’s 7.0-8.0 percent target, research consultancy Capital Economics said. In its latest “Emerging Asia Economic Outlook,” the London-based firm forecast gross domestic product (GDP) growth of 6.5 percent for [...] The post PH growth to fall below 7-8% target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 12th, 2018

Macro imbalances ‘likely to intensify’

Inflation, trade deficit to expand as PH growth stays strong – ANZ Research Strong Philippine economic growth has resulted in persistent macro imbalances, Australia’s ANZ Research said, the most telling of which have been higher inflation and a wider trade deficit. “With growth expected to remain high at 6.8 percent in 2018, macro imbalances are… link: Macro imbalances ‘likely to intensify’.....»»

Category: newsSource:  manilainformerRelated NewsJul 9th, 2018

Macro imbalances ‘likely to intensify’

Inflation, trade deficit to expand as PH growth stays strong – ANZ Research Strong Philippine economic growth has resulted in persistent macro imbalances, Australia’s ANZ Research said, the most telling of which have been higher inflation and a wider trade deficit. “With growth expected to remain high at 6.8 percent in 2018, macro imbalances are [...] The post Macro imbalances ‘likely to intensify’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 9th, 2018

Inflation still likely to weigh on sentiment

Higher-than-expected inflation is expected to continue to remain on investors’ minds this week although attention could turn to listed firms’ earnings prospects, analysts said. The benchmark Philippine Stock Exchange (index), which snapped a four-day recovery last Thursday following news that consumer price growth had hit a five-year high of 5.2 percent in June, could go [...] The post Inflation still likely to weigh on sentiment appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 8th, 2018

Foreign Investors Remain Bullish in PH Investment Prospects

Foreign investors remain bullish in Philippine investment prospects as foreign direct investment (FDIs) registered with the Philippine Board of Investments (BOI) grew 29 percent from January to May 2018 to P7 billion compared to the P5.38 billion worth of registered projects in the same period last year. The growth in FDIs contributed to the overall […].....»»

Category: newsSource:  metrocebuRelated NewsJul 6th, 2018

Stock market falls 1.56% as inflation tops forecasts

Above-target price growth stokes fears of another BSP rate hike The stock market snapped a four-day recovery on Thursday after higher-than-expected inflation stoked fears of another central bank rate hike. The benchmark Philippine Stock Exchange index (PSEi) plunged by 1.56 percent or 114.85 points to close at 7,233.57, while the wider All Shares declined 1.04 [...] The post Stock market falls 1.56% as inflation tops forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 5th, 2018

May sees infra, other capital outlays rise

INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter......»»

Category: financeSource:  bworldonlineRelated NewsJun 27th, 2018

Electronics industry keeps 5 to 6% growth target

The country’s electronics and semiconductors industry is still optimistic of hitting its growth target for the year despite concerns over the looming global trade war and the impact of the package 2 of the new tax reform law......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2018

WB cites PHL growth promise, risks

THE WORLD BANK sees the Philippines sustaining relatively robust growth in the medium term -- though short of government target -- but flagged capacity constraints and price pressures that may weigh on prospects. The post WB cites PHL growth promise, risks appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 7th, 2018

World Bank: Global economy is healthy but growth will slow

The steadily expanding global economy should remain resilient — at least for a couple of years — the World Bank says......»»

Category: newsSource:  philstarRelated NewsJun 6th, 2018

World Bank retains below-target forecast for Philippine economy

The World Bank has kept its growth forecast for the Philippine economy that, if realized, will fall below the government’s target for the next few years......»»

Category: financeSource:  philstarRelated NewsJun 6th, 2018

Q2 GDP growth likely on target — Budget chief

ECONOMIC growth likely picked up this quarter to fall within the 7-8% official full-year 2018 target, the Budget chief said on Tuesday, as the Philippine Statistics Authority (PSA) reported that factory output began those three months with its biggest improvement in eight years. The post Q2 GDP growth likely on target — Budget chief appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2018

PSEi drops on inflation concerns

SHARE prices fell on Monday ahead of May inflation figures due today, with investors said to have chosen to lighten their portfolios given expectations that consumer price growth would again breach the central bank’s target. The benchmark Philippine Stock Exchange index (PSEi) dropped 0.66 percent or 50.65 points to close at 7,579.61. The wider All [...] The post PSEi drops on inflation concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 4th, 2018

‘PH contact center sector to keep growing this yr’

THE Philippines will remain the world’s biggest source of contact center services as global consulting firms see growth in the industry to continue this year, according to the Contact Center Association of the Philippines (CCAP). In a press conference in Makati City on Wednesday, CCAP Chairman Benedict Hernandez told reporters that Texas-based consulting company Everest [...] The post ‘PH contact center sector to keep growing this yr’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 30th, 2018