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OECD cuts forecasts for global growth

PARIS: Global expansion is likely to slow as tensions kickstarted by US President Donald Trump’s protectionist policies hit world trade, the Organization for Economic Cooperation and Development (OECD) said on Thursday. “Global GDP growth remained solid in the first half of 2018, at around (3.75) percent, but there are signs that the expansion may have [...] The post OECD cuts forecasts for global growth appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes manilatimesSep 21st, 2018

World Bank cuts 2018 PH forecast

The World Bank has joined other multilateral organizations in cutting growth forecasts for the Philippines, on Thursday announcing changes to its 2018 outlook given above-target inflation and rising global uncertainties. The Washington-based lender, in its Philippines Economic Update, said it now expected the country to post gross domestic product growth (GDP) of 6.5 percent this [...] The post World Bank cuts 2018 PH forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 4th, 2018

BSP cuts forecasts for BOP, current acct

US rate hike, slower global growth.....»»

Category: financeSource:  philstarRelated NewsDec 16th, 2016

OECD sees resurgent US growth fueling global economy's expansion

PARIS -- Global growth will pick up faster than previously expected in the coming months as the Trump administration’s planned tax cuts and public spending fire up the US economy, the Organization for Economic Cooperation and Development (OECD) sai.....»»

Category: newsSource:  bworldonlineRelated NewsNov 29th, 2016

Philippines cuts 2018 GDP growth goal, raises inflation targets

MANILA — The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia’s fastest growing economies. The economy grew 6.0 percent in the second quarter, the slowest in almost three years, raising the challenge […] The post Philippines cuts 2018 GDP growth goal, raises inflation targets appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2018

IMF cuts global growth forecast

WASHINGTON, D.C.: An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund (IMF) to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for [...] The post IMF cuts global growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 10th, 2018

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

International Monetary Fund (IMF) chief Christine Lagarde. AP FILE WASHINGTON, United States - An upswing in economic risks due to rising trade tensions and debt levels has prompted the Internation.....»»

Category: newsSource:  philippinetimesRelated NewsOct 9th, 2018

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

WASHINGTON DC, USA – An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China , ........»»

Category: newsSource:  rapplerRelated NewsOct 9th, 2018

ADB cuts 2018, 2019 PH growth forecasts

The Asian Development Bank (ADB) has trimmed its Philippine growth forecasts for this year and the next, citing an unexpected slowdown in the first half of 2018. The growth outlook, however, “remains stable … as the country’s economic fundamentals are strong,” ADB Country Director Kelly Bird said in a statement. “We’re expecting growth to slowly… link: ADB cuts 2018, 2019 PH growth forecasts.....»»

Category: newsSource:  manilainformerRelated NewsSep 26th, 2018

ADB cuts 2018, 2019 PH growth forecasts

The Asian Development Bank (ADB) has trimmed its Philippine growth forecasts for this year and the next, citing an unexpected slowdown in the first half of 2018. The growth outlook, however, “remains stable … as the country’s economic fundamentals are strong,” ADB Country Director Kelly Bird said in a statement. “We’re expecting growth to slowly [...] The post ADB cuts 2018, 2019 PH growth forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 26th, 2018

ANZ cuts 2018 PHL GDP growth forecast to 6.5%, citing inflation

ANZ Research once more scaled down its growth forecast for the Philippines, citing the volatile global environment coupled with rapid domestic inflation. The post ANZ cuts 2018 PHL GDP growth forecast to 6.5%, citing inflation appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2018

Fitch Solutions Sees One More Rate Hike, Cuts GDP Growth Forecast

Citing sustained rise of inflation and credit growth, Fitch Solutions forecasts an additional 25 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates before yearend. In a research note, the Fitch Group unit contends that while the implementation of tax reforms since January 2018 is a major contributor to price pressures, it […].....»»

Category: newsSource:  metrocebuRelated NewsAug 13th, 2018

World Bank keeps PH growth forecasts at 6.7%

The World Bank is keeping its 2018 and 2019 growth forecasts for the Philippines at 6.7 percent, with higher state spending expected to provide a buffer against rising global uncertainties. In a statement on Friday, the multilateral institution said it had re-examined the expected drivers of gross domestic product (GDP) growth — used as the [...] The post World Bank keeps PH growth forecasts at 6.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 13th, 2018

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

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

World economy at risk from US policies – IMF

WASHINGTON, D.C.: President Donald Trump’s aggressive trade policies, and expansive tax cut at a time when the US economy is growing, are creating risks that could damage the domestic and global economies, the International Monetary Fund warned Thursday. The tax cuts will generate a near-term boost to growth but also “will elevate the risks to [...] The post World economy at risk from US policies – IMF appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 15th, 2018

‘The economy is on a roll’ is legit news

For 2018, the global economy will surge past the consensus expectations, from the earlier forecast of 3 percent plus to 4 percent, according to the most serious of global economic forecasts. The US GDP, with its awesome base, is expected to post 2.5 percent growth and the Euro area by 2.2 percent. Shaking off its [...] The post ‘The economy is on a roll’ is legit news appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 3rd, 2018

PSEi rallies on IMF growth forecast

Last-minute buying pushed the stock market closer to breaching the 9,000 level on Thursday, with investors said to have been heartened by revisions to the International Monetary Fund’s (IMF) global growth forecasts. The benchmark Philippine Stock Exchange index (PSEi) notched its sixth record high for the year, adding 78.94 points or 0.89 percent to close [...] The post PSEi rallies on IMF growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 26th, 2018

World Bank upgrades global growth forecasts

WASHINGTON: For the first time in many years, the World Bank’s outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday. However, the bank warned that countries must make investments to improve their growth prospects, and the time to do [...] The post World Bank upgrades global growth forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

PH growth to remain fastest in Asean

  The World Bank expects the Philippines to sustain robust economic growth in the next three years even as public investments are seen slowing down. "The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations (Asean), despite some stabilization of investment growth," the Washington-based multilateral lender said in its January 2018 Global Economic Prospects report released Wednesday morning (Philippine time). The World Bank projected the Philippines' gross domestic product (GDP) to grow 6.7 percent in 2018 and 2019, before slightly slowing to 6.5 percent in 2020. The World Bank's forecasts for the next three years were n...Keep on reading: PH growth to remain fastest in Asean.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

BSP steadies policy until at least Feb., maintains inflation forecasts

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) held fire on monetary policy yesterday as inflation remains within target and with economic growth remaining upbeat, which came despite a fresh rate hike in the United States that would trigger rising global yields. As expected, the Monetary Board kept borrowing rates […] The post BSP steadies policy until at least Feb., maintains inflation forecasts appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2017