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Philippine economy’s growth likely slowed in Q2 2018 – Moody s

MANILA, Philippines – The research arm of debt watcher Moody’s projected the country’s gross domestic product (GDP) to have grown at a slower pace at 6.6% for the second quarter of 2018.  The forecast released on Friday, August 3, was lower than the 6.8% growth registered in ........»»

Category: newsSource: rappler rapplerAug 3rd, 2018

Philippine economy’s growth likely slowed in Q2 2018 – Moody s

MANILA, Philippines – The research arm of debt watcher Moody’s projected the country’s gross domestic product (GDP) to have grown at a slower pace at 6.6% for the second quarter of 2018.  The forecast released on Friday, August 3, was lower than the 6.8% growth registered in ........»»

Category: newsSource:  rapplerRelated NewsAug 3rd, 2018

ADB retains Philippine growth forecasts, but sees elevated inflation in 2018

The Asian Development Bank on Wednesday retained its growth forecasts on the Philippine economy, adding that Asia’s developing economies will weather external headwinds from trade friction between the US and China......»»

Category: newsSource:  philstarRelated NewsDec 12th, 2018

[ANALYSIS] How rough was 2018 for the PH economy?

  On many levels, 2018 was a rough year for the Philippine economy. From the steady acceleration of prices, the depletion of subsidized rice, slower economic growth, the snail’s pace of Build, Build, Build, and our declining competitiveness – all this meant hardships for all Filipinos, young or old, ........»»

Category: newsSource:  rapplerRelated NewsDec 12th, 2018

Approved foreign investment pledges (Q3 2018)

APPROVED foreign direct investment (FDI) commitments rose to their highest level in nearly two years last quarter even as growth slowed from the preceding three months and a year ago, according to data the Philippine Statistics Authority (PSA) released on Thursday......»»

Category: newsSource:  bworldonlineRelated NewsDec 7th, 2018

DoF sees 6.5% GDP growth in Q3 

GOVERNMENT spending and manufacturing growth likely supported the Philippine economy to rise by 6.5 percent in the third quarter of 2018, the Department of Finance (DoF) said on Wednesday. “We...READ MORE The post DoF sees 6.5% GDP growth in Q3  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 7th, 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

Philippine economy unlikely to hit 7-8% growth target in 2018 — Diokno

The Philippines will likely miss its economic growth target this year, Budget Secretary Benjamin Diokno said Tuesday......»»

Category: newsSource:  philstarRelated NewsOct 2nd, 2018

Factory gate prices ease in August 2018

Growth in factory gate prices eased in August as producer price increases in 10 commodity groups slowed, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsSep 28th, 2018

ADB lowers PH growth forecasts

The Asian Development Bank has cut its growth forecasts for the Philippines for the next two years and raised inflation projections for 2018 and 2019 as recent moves to temper high consumer prices would take time to show results.   Notwithstanding the expected slower gross domestic product (GDP) growth amid elevated prices, Kelly Bird, the ADB's country director for the Philippines, highlighted a more investment-led Philippine economy, which he said augured well to sustaining expansion in the medium term.   In its Asian Development Outlook 2018 Update report released Wednesday, the Manila-based lender downgraded its 2018 GDP growth projection for the Philippines to ...Keep on reading: ADB lowers PH growth forecasts.....»»

Category: newsSource:  inquirerRelated NewsSep 27th, 2018

Philippine GDP growth not seriously impacted by rate hikes

MANILA – Recent Philippine interest rate hikes will not have a serious impact on the economy, the finance minister said on Tuesday, allowing the government to keep its 2018 growth target of 7-8 percent for now. The current policy rates are “totally appropriate”, Finance Secretary Carlos Dominguez told a journalists’ forum, adding that they are […].....»»

Category: newsSource:  interaksyonRelated NewsAug 29th, 2018

ING Bank cuts Phl GDP growth forecast

Dutch financial giant ING Bank is painting a gloomier picture of the Philippine economy, slashing its 2018 growth forecast to 6.3 percent from the original forecast of 6.8 percent after a slower-than-expected expansion in the second quarter......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2018

FDI net inflows grow by 142.9% in May 2018

FOREIGN direct investments (FDI) net inflows rose more than twice in May 2018 to US$1.6 billion from US$677 million recorded last year. This reflects continued investor confidence in the Philippine economy’s strong macroeconomic fundamentals and growth prospects. All FDI components yielded higher net inflows during the month. About eighty percent of FDI net inflows were […] The post FDI net inflows grow by 142.9% in May 2018 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsAug 10th, 2018

Economy slows down to 6% in second quarter of 2018

As consumers grappled with rising prices, economic growth slowed down to six percent in the second quarter of the year from figures recorded in the previous quarter and in the same period last year......»»

Category: newsSource:  philstarRelated NewsAug 10th, 2018

PH GDP growth slows down in Q2 of 2018

THE Philippines’ gross domestic product (GDP) growth slowed down to 6.0 percent in the second quarter of 2018, according to the Philippine Statistics Authority (PSA). Dr. Lisa Grace Bernales of the PSA said that the GDP had gone down compared to the 6.6 percent growth that was registered in the first quarter. She added that […].....»»

Category: newsSource:  tribuneRelated NewsAug 9th, 2018

PHL GDP eases to 6%, below gov’t target band and estimates

By Carmina Angelica V. Olano, Researcher The Philippine economy grew 6.0% in the second quarter of 2018, the Philippine Statistics Authority (PSA) reported Thursday morning. The April-June gross domestic product (GDP) growth figure was lower than the revised 6.6% growth recorded in the same period in 2017 and the 6.8% median estimate in a BusinessWorld […] The post PHL GDP eases to 6%, below gov’t target band and estimates appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

Moody s sees slower PH growth of 6.6% in Q2

The research arm of debt watcher Moody's expects the Philippine economy to have had grown by a slower 6.6 percent year-on-year in the second quarter partly due to high inflation. The forecast.....»»

Category: newsSource:  philippinetimesRelated NewsAug 4th, 2018

IMF Sees Sustained Growth of PH Amid Risks

The International Monetary Fund (IMF) remains positive about the sustainability of the Philippine economy’s growth amid risks such as rising inflation after noting the monetary and fiscal measures put in place by authorities. In a briefing Wednesday, Luis E. Breuer, Mission head of the IMF team that visited the country from July 11-25, 2018 for […].....»»

Category: newsSource:  metrocebuRelated NewsJul 26th, 2018

PH growth to stay unchanged at 6.7%

IMF keeps 2018 forecast, trims 2019 estimate Philippine economic growth will likely hit 6.7 percent this year and the next — unchanged from 2017 — on the back of strong consumption and investments, the International Monetary Fund (IMF) said following the conclusion of an annual validation of the country’s prospects. “The Philippine economy continues to [...] The post PH growth to stay unchanged at 6.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 25th, 2018

GDP growth likely quickened to 7% in second quarter of 2018

The Philippine economy likely grew by seven percent in the second quarter of the year, according to a joint report by First Metro Investment Corp. and University of Asia and the Pacific......»»

Category: financeSource:  philstarRelated NewsJul 23rd, 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