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Fitch Solutions cuts Philippine growth forecasts on US-China trade tensions, gloomy global outlook

The Philippine economy will likely expand below the government’s target in 2019 amid external headwinds, according to a Fitch unit that also announced Wednesday a downward revision to its growth outlook on the country......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2019

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

Oil demand growth falls as economy weakens

SINGAPORE/HOUSTON -- World oil markets have undergone a U-turn, switching from supply-side risks like OPEC’s production cuts or US sanctions against producers Iran and Venezuela, analysts said, to concerns of slowing consumption amid fears of a global recession......»»

Category: newsSource:  bworldonlineRelated NewsJun 14th, 2019

Global lender slashes 2019 growth projections

WASHINGTON, D.C.: The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence…READ The post Global lender slashes 2019 growth projections appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 6th, 2019

World Bank slashes 2019 growth as global trade slackens

WASHINGTON, USA – The World Bank slashed its global growth forecasts for this year in a report released Tuesday, June 4, that portrayed a world gripped by deepening trade conflict , tumbling confidence, and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and ........»»

Category: newsSource:  rapplerRelated NewsJun 5th, 2019

PHL growth outlook eases with rest of the world

SIMMERING trade tensions between the world’s two biggest economies, the United States and China, will weigh on global economic prospects, the United Nations (UN) and the Organization for Economic Cooperation and Development (OECD) reported on Wednesday -- a factor that led Fitch Solutions Macro Research to slash its own gross domestic product (GDP) growth projection for the Philippines in particular for this year......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2019

S& P cuts PH growth projection to 6.3%

S&P Global Ratings has trimmed its Philippine growth forecast for 2019, citing high interest rates and the delayed approval of the national budget as reasons behind the adjustment. A report…READ The post S&P cuts PH growth projection to 6.3% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 29th, 2019

Front Page: S&P, WB tag PHL as Asia growth leader

THE PHILIPPINES began 2017 with World Bank and S&P Global Ratings growth forecasts that top those of most other emerging economies in the next three years......»»

Category: financeSource:  bworldonlineRelated NewsJan 11th, 2017

S&'38;P, WB tag PHL as Asia growth leader

THE PHILIPPINES began 2017 with World Bank and S&P Global Ratings growth forecasts that top those of most other emerging economies in the next three years......»»

Category: newsSource:  bworldonlineRelated NewsJan 11th, 2017

WTO dramatically cuts 2016 global trade growth forecast

GENEVA, Switzerland: The World Trade Organization on Tuesday revised down its 2016 global trade forecast by more than a percentage point, warning growth had hit its slowest pace since the global financial crisis. WTO now estimates that global trade will e.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 27th, 2016

The World: WTO cuts 2016 world trade growth forecast

GENEVA -- The World Trade Organization (WTO) cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States......»»

Category: financeSource:  bworldonlineRelated NewsSep 27th, 2016

WTO drastically cuts global trade forecast

GENEVA: The World Trade Organization Tuesday downshifted its global trade forecast, warning that anti-globalization rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 27th, 2016

Growth odds dimmer as globalization grinds to halt

PARIS -- Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalization grinds to a halt, the Organisation for Economic Cooperation and Development (OECD) warned on Wednesday......»»

Category: newsSource:  bworldonlineRelated NewsSep 22nd, 2016

IMF Cuts 2016 Global Growth Forecast to 3.1% Amid Brexit Uncertainty

Washington — The International Monetary Fund (IMF) on Tuesday revised down its forecast for global growth in 2016 and 2017, due to the uncertainty surrounding Britain’s exit from the European Union (Brexit). The IMF expects...The post IMF Cuts.....»»

Category: newsSource:  metrocebuRelated NewsJul 20th, 2016

S& P slashes PH growth projection anew to 6.1%

S&P Global Ratings reported on Wednesday that it further reduced its Philippine growth forecast for 2019 to 6.1 percent from 6.3 percent, citing lower first-quarter expansion, state spending for infrastructure…READ The post S&P slashes PH growth projection anew to 6.1% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated News8 hr. 18 min. ago

S& P Global trims PH growth target

S& P Global trims PH growth target.....»»

Category: financeSource:  thestandardRelated News16 hr. 39 min. ago

S& P slashes Philippine growth projection further

S&P Global Ratings has again slashed its projection for Philippine economic growth this year, according to a report the debt watcher released on Wednesday, in the face of subdued state spending amid a four-month delay in enactment of the P3.662-trillion national budget and bigger-than-expected impact of the Sino-US trade dispute on electronics, which accounts for half of Philippine merchandise exports......»»

Category: newsSource:  bworldonlineRelated News17 hr. 18 min. ago

Education reform and the Philippine economy

As “Asia’s Rising Tiger,” the Philippines has gained a reputation for rapid economic growth that has stayed on course no matter the circumstances. Despite recent tensions in the global economy, the country has managed to remain competitive, posting a respectable 5.6% gross domestic product (GDP) growth in the first quarter of the year. Much of […].....»»

Category: financeSource:  bworldonlineRelated NewsJun 26th, 2019

Outlook for PHL banks still stable

THE local banking industry will continue to benefit from robust economic growth of the Philippines, debt watchers Moody’s Investors Service and S&P Global Ratings said......»»

Category: newsSource:  bworldonlineRelated NewsJun 21st, 2019