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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

PHL economy likely slowed in Q2 — Moody’s

PHILIPPINE economic growth may have decelerated in the second quarter weighed down by rising inflation despite robust consumption and investment, Moody’s Analytics said......»»

Category: financeSource:  bworldonlineRelated NewsAug 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

Philippines posts weakest growth in 3 years, as challenges loom | ABS-CBN News

Philippines posts weakest growth in 3 years, as challenges loom ABS-CBN News MANILA - The Philippine economy has grown by more than 6 percent for seven straight years, but 2018's pace was the slo.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2019

PHL growth slows to 6.2% in 2018

THE PHILIPPINE ECONOMY expanded 6.1% in the fourth quarter at a pace slower than expectations, even as it remained above the six-percent mark, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  bworldonlineRelated NewsJan 25th, 2019

2018 GDP growth falls short of goal

  High food prices and the "failure" of the agriculture sector to post faster expansion slowed economic growth last year, the country's chief economist said.   The Philippine Statistics Authority said the 2018 gross domestic product grew 6.1 percent year-on-year in the fourth quarter of 2018, bringing the full-year average to 6.2 percent, short of the government's downgraded 6.5-6.9 percent target range.   Last year's GDP growth was the slowest in three years, or since the 6.1 percent posted in 2015.   In a press conference, National Statistician Lisa Grace S. Bersales said that among three major industries, the biggest contributor to GDP grow...Keep on reading: 2018 GDP growth falls short of goal.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

PH Economy Expands 6.2% in 2018

The country’s gross domestic product (GDP) expanded 6.2 percent in 2018, cementing the Philippines’ standing as one of Asia’s fast-growing economies, the government reported Thursday. In a press briefing, Socioeconomic Planning Secretary Ernesto Pernia said 2018 was the seventh consecutive year the Philippine economy sustained its growth of more than 6 percent. Pernia said economic […].....»»

Category: newsSource:  metrocebuRelated NewsJan 24th, 2019

Philippine posts weakest growth in 3 years, challenges loom

MANILA — The Philippine economy has grown by more than 6 percent for seven straight years, but 2018’s pace was the slowest in three years and weak exports, manufacturing and farm output increase challenges to achieving fast growth in 2019. Some economists say that if growth slows more, the central bank — which hiked rates five times […] The post Philippine posts weakest growth in 3 years, challenges loom appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsJan 24th, 2019

Economy expands 6.1% in fourth quarter, 6.2% in 2018

THE Philippine economy posted a 6.1% gross domestic product (GDP) growth in the fourth quarter of 2018, the Philippine Statistics Authority (PSA) reported this morning......»»

Category: financeSource:  bworldonlineRelated NewsJan 24th, 2019

Palace blames inflation for missed 2018 GDP growth target

MANILA, Philippines --- Last year's inflation, which hit a new 10-year high, is to blame for the Philippine economy's slower pace in 2018, Malacaang said Thursday.   Presidential Spokesperson Salvador Panelo made the remark after the economy grew 6.2 percent in 2018 as the 2018 fourth quarter Gross Domestic Product (GDP) settled at 6.1 percent, bringing the full-year average below the 6.5-6.9 percent goal.   READ: PH missed 2018 GDP growth goal due to high prices   "That was because of the inflation eh. Inflation rate ang naging problema, 'yan ang sinasabi ng economic managers," Panelo said in a Palace briefing, adding that the full-year average is just "...Keep on reading: Palace blames inflation for missed 2018 GDP growth target.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

2018 Q4 GDP at 6.1%

The country’s domestic output or the gross domestic product (GDP) increased slightly for the last quarter of 2018. Socioeconomic Planning Secretary Ernesto Pernia announced a 6.1 percent GDP growth for the October to December 2018 period versus the recorded six percent expansion in the last quarter. “The Philippine economy grew 6.1 percent in the fourth […].....»»

Category: newsSource:  tribuneRelated NewsJan 24th, 2019

2018 growth goal likely missed – poll

The economy likely slowed as 2018 ended, analysts polled by The Manila Times said, with the full-year result lower than the previous year’s and also missing the government’s downwardly-revised target….READ The post 2018 growth goal likely missed – poll appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 20th, 2019

PH industrial sector profit slower in Q3

Gross revenue growth in the Philippine industrial sector slowed in the third quarter of 2018, easing to 8.1 percent from 8.6 percent a year earlier, the Philippine Statistics Authority (PSA)…READ The post PH industrial sector profit slower in Q3 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 17th, 2019

Diokno: PH economy grew likely at at 6.5% in 2018

THE Philippine economy likely grew by 6.5 percent in 2018, hitting the lower end of the government’s official target range, Budget Secretary Benjamin Diokno said on Wednesday. “The country’s growth…READ The post Diokno: PH economy grew likely at at 6.5% in 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 16th, 2019

GDP growth slower than 6.7% in 2018, says Pernia

The Philippine economy is headed for a second straight year of slowdown as a “challenging” 2018 appears to be less robust than the prior year, the country’s chief economic planner said......»»

Category: financeSource:  philstarRelated NewsJan 5th, 2019

World Bank trims Philippines’ GDP growth forecast for 2018, 2019

MANILA—The World Bank said on Friday it slightly cut its gross domestic product (GDP) growth forecast for the Philippines as persistently high inflation eats into consumer spending. The Philippine economy, among the fastest growing in Asia, is seen expanding by 6.4 percent in 2018 and 6.5 percent in 2019, a tad lower versus the October […] The post World Bank trims Philippines’ GDP growth forecast for 2018, 2019 appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsDec 21st, 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