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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

S& P cuts PHL outlook on ‘carryover’ risks

WEAK EXPORTS and rising costs will likely cap growth this year, S&P Global Ratings said on Monday as it slashed forecasts anew for the Philippines......»»

Category: financeSource:  bworldonlineRelated NewsJan 21st, 2019

World Bank cuts Philippine growth forecasts on elevated inflation, budget reenactment, weak trade

THE WORLD BANK cut its economic growth forecast for the Philippines as sustained high inflation, lower infrastructure disbursements next semester due to reenactment of the national budget and continued weakness of global trade offset the lift from spending related to the May 13, 2019 mid-term elections......»»

Category: financeSource:  bworldonlineRelated NewsDec 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

IMF, CEOs sound warnings as leaders gather in Davos

DAVOS, SWITZERLAND -- The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering of the rich and powerful......»»

Category: financeSource:  bworldonlineRelated NewsJan 22nd, 2019

World Bank downgrades Philippines forecasts

The World Bank has downgraded its growth forecasts for the Philippines this year and next on assumptions of a reenactment of the national budget in the first quarter and weakness in global demand that may continue to hurt exports......»»

Category: financeSource:  philstarRelated NewsDec 22nd, 2018

IMF: Trade war already hurting Asia, may cut growth forecasts

TOKYO -- US-China trade frictions are already affecting business confidence and investment in Asia, a senior International Monetary Fund (IMF) official said, warning that the fund could cut global growth forecasts in January......»»

Category: newsSource:  bworldonlineRelated NewsDec 18th, 2018

Think tank cuts Philippine growth forecasts

Barcelona-based think tank FocusEconomics slashed the country’s projected economic expansion over the next two years due to the slower than expected growth this year as well as the impact of the trade war between China and the US......»»

Category: financeSource:  philstarRelated NewsDec 2nd, 2018

Global growth headed for fragile soft landing

PARIS -- Trade tensions and higher interest rates are slowing the global economy, though for now there are no signs of a sharp downturn, the OECD said on Wednesday, lowering its outlook for next year......»»

Category: newsSource:  bworldonlineRelated NewsNov 22nd, 2018

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