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ANZ latest to slash Philippines growth forecast

ANZ Research slashed its 2021 economic growth forecast for the Philippines to 4.8 percent from the original target of 7.1 percent......»»

Category: financeSource: philstar philstarMay 8th, 2021

Oxford Economics among least bullish on Philippine economic growth

London-based Oxford Economics further slashed its growth forecast for the Philippines to 4.5 percent this year, among the lowest projections for the country, due to a weaker-than-expected performance in the first quarter and slim prospects of recovery in the second quarter......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2021

World Bank reduces 2021 PH growth forecast to 4.7%

The World Bank said Tuesday it reduced the previous 5.5-percent growth projection for the Philippines this year to 4.7 percent, following the re-imposition of strict community quarantine in the second quarter and the 4.2-percent contraction in the first quarter......»»

Category: financeSource:  thestandardRelated NewsJun 9th, 2021

ING sees slower Q2 recovery

Dutch financial giant ING Bank has slashed to 11 percent its second quarter economic growth forecast for the Philippines from the original target of 14 percent due to the imposition of mobility restrictions during the review period......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2021

World Bank trims Philippine growth forecast to 4.7%

The World Bank continued to be less bullish on economic recovery for the Philippines as it further downgraded the country’s growth forecast this year due to the resurgence of COVID-19 cases and reimposition of strict lockdowns......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2021

Capital Economics trims anew Philippine growth forecast

London-based Capital Economics further slashed its gross domestic product growth forecast for the Philippines this year following a disappointing performance in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2021

Think tank cuts Philippine growth forecast

Barcelona-based think tank FocusEconomics expects a slower recovery for the Philippines as the pandemic-induced recession stretched for the fifth straight quarter with a worse-than-expected gross domestic product contraction of 4.2 percent in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2021

Growth outlook slashed to 5-6%

Rizal Commercial Banking Corp. cut its 2021 gross domestic product growth forecast for the Philippines to five to six percent from the original target of six to seven percent as the country continues to struggle to contain the COVID-19 outbreak......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2021

Moody’s Analytics further cuts Philippines GDP forecast to 5%

Moody’s Analytics has further slashed the projected gross domestic product growth of the Philippines to five instead of 6.3 percent this year due to the imposition of strict lockdown and quarantine measures amid the resurgence of COVID-19 infections......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

Index falls to lowest level in over 6 months

The stock index fell to its lowest level in over six months as investors continued to worry over the pace of economic recovery, with more institutions downgrading their growth forecast for the Philippines this year......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2021

Nomura cuts Philippine growth forecast

Japanese investment bank Nomura slashed anew its 2021 economic growth forecast for the Philippines due to the reimposition of strict lockdown measures amid the resurgence of COVID-19 infections and the slow rollout of vaccines......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2021

Fitch cuts Philippine growth forecast to 6.3%

Fitch Ratings expects a slower recovery for the Philippines this year, slashing its gross domestic product growth forecast to 6.3 percent from the original target of 6.9 percent due to the resurgence of COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsApr 27th, 2021

World Bank cuts outlook on Philippines latest virus struggles

Failure to control coronavirus spread has dampened World Bank's growth prospects for the Philippines, with  the country seen unlikely regaining lost ground this year amid delays in mass vaccinations......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2021

Philippines posts alarming growth in teenage pregnancies

Almost seven girls aged 14 and younger are giving birth in the country every day, according to the latest findings released by the Commission on Population over the weekend......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2021

No Growth for PH IT-BPM Industry this Year

Growth of the Information Technology and Business Process Management (IT-BPM) industry in the Philippines is expected to fall flat this year, according to the recalibrated industry forecast by the IT and Business Process Association of the Philippines (IBPAP) during the 12th International Innovation Summit’s closing ceremony on Thursday evening. This comes as the coronavirus virus […].....»»

Category: sportsSource:  abscbnRelated NewsNov 24th, 2020

ITBPM industry sees flat growth

Considering the factors impacting the global IT-business process management (IT-BPM) from the pandemic, the Philippine industry is projected to end flat this year and highlighted the need for important government interventions to achieve and sustain the renewed growth forecast up to 2022. The IT Business Process Association of the Philippines ........»»

Category: sportsSource:  abscbnRelated NewsNov 20th, 2020

PH electronics firms hike growth forecast

The Semiconductor and Electronics Industries in the Philippines Inc. revised its 2021 growth projections to 7 percent from 5 percent......»»

Category: financeSource:  thestandardRelated NewsNov 10th, 2020

Typhoon ‘Rolly’ to be closest to Central Luzon, Metro Manila on Sunday night — Pagasa

MANILA, Philippines — The latest forecast track of Typhoon “Rolly” shows that it would move over Central Luzon — close to Metro Manila — between Sunday night and Monday morning, state meteorologists said. According to the weather report from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) on early Saturday morning, Rolly has taken […] The post Typhoon ‘Rolly’ to be closest to Central Luzon, Metro Manila on Sunday night — Pagasa appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsOct 30th, 2020

Pandemic damage seen worse in Philippines than most peers

The Manila-based lender now see the local economy shrinking 7.3% year-on-year in 2020, worse than June’s projected 3.8% contraction and April’s optimistic forecast of 2% growth......»»

Category: newsSource:  philstarRelated NewsSep 15th, 2020

Moody& rsquo;s expects PH economy to fall 7% this year

Major credit watcher Moody’s Investors Service on Thursday downgraded its 2020 economic growth forecast for the Philippines to -7 percent from its previous estimate of -4.5 percent because of the worse-than-expected impact of the COVID-19 health crisis......»»

Category: financeSource:  thestandardRelated NewsSep 4th, 2020

Metro Cebu to have fair weather this ‘long weekend’

CEBU CITY, Philippines – After days of experiencing gloomy skies, thunderstorms, and heavy rains, Cebuanos will be blessed with fair weather this ‘long weekend’. Latest forecast from the state’s weather bureau in Mactan showed that Metro Cebu will be having fair weather, with fewer chances of rains, starting Friday, August 21. “The fair weather we […] The post Metro Cebu to have fair weather this ‘long weekend’ appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 21st, 2020