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Bankers expect slow pace of economic recovery

Top bank executives are looking at a slower economic recovery this year after the country slipped into recession for the first time in more than two decades last year due to the impact of the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource: philstar philstarJan 9th, 2021

Slow pace of COVID-19 jabs dims Philippine growth outlook

The still slow pace of COVID-19 vaccination in the country continues to dampen prospects for a strong economic recovery this year even as domestic activity is showing signs of a rebound......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2021

Lagarde sees recovery year for Europe

Christine Lagarde, president of the European Central Bank (ECB), sees 2021 as a recovery year for Europe. “At the ECB we remain convinced that 2021 will be a recovery year. The economic recovery has been delayed, but not derailed. People are obviously waiting impatiently for it. We expect the upswing to gather pace around the […] The post Lagarde sees recovery year for Europe appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 8th, 2021

Slow economic recovery

The Asian Development Bank no longer expects a quick recovery in the economies of the Asia Pacific region next year. Even the pace of recovery is not crystal clear. The availability of a vaccine to neutralize COVID-19 remains the X factor......»»

Category: newsSource:  thestandardRelated NewsSep 18th, 2020

‘Road to Philippine economic rebound gets more bumpy’

The path toward economic recovery continues to dim as the new wave of COVID-19 cases from a more transmissible variant is now being felt, with vaccine rollout still lacking pace than needed......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2021

Bank lending shrinks for 7th straight month

Loan disbursements by big banks shrank for the seventh straight month, although at a slower pace of two percent in June from four percent in May, as the spread of the COVID-19 Delta variant continued to temper outlook for economic recovery......»»

Category: newsSource:  philstarRelated NewsJul 30th, 2021

‘Lack of fiscal support a drag on Philippines recovery’

The pace of economic recovery in the Philippines would be the slowest in Asia amid a lackluster fiscal response to the pandemic, with the threat of long-term scarring effects now more visible than ever, an international think tank said......»»

Category: financeSource:  philstarRelated NewsJul 22nd, 2021

It is important to recreate the northern border and Laredo is ready – El Financiero

Expect a recovery in Economic activities Along the border between Mexico and the United States (EU), which will be promoted with the possibility of reopening.....»»

Category: newsSource:  thedailyguardianRelated NewsJun 7th, 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

Government must accelerate vaccine rollout to jumpstart economic recovery – BDO

As government reimposes the enhanced community quarantine in the so-called NCR Plus bubble to slow the spread of COVID-19, the rollout of vaccines must also be accelerated to help jumpstart a laggard economy, a top bank executive said......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2021

Slow rollout threatens recovery bid& mdash;WB

The World Bank warned on Friday that slow vaccinations in the Philippines due to people’s hesitancy on the vaccines and the government’s struggle to conduct large-scale inoculations could delay economic recovery and take away 1-percentage point from the potential gross domestic product growth this year......»»

Category: newsSource:  thestandardRelated NewsMar 27th, 2021

Philippine banks defenses would bow to second pandemic shock

But the recovery is so slow that the ratings agency “does not expect the industry to reach pre-pandemic financial performance until 2023.”.....»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2021

Market drops on profit taking; BDO, Converge lead decliners

The stock market fell Wednesday on profit taking after rallying the previous day, weighed down by lingering impact of the pandemic and prospects of a slow economic recovery......»»

Category: financeSource:  thestandardRelated NewsFeb 18th, 2021

Market cautious amid slow economic recovery outlook

Share prices are expected to move sideways this week with a downward bias as investors are starting to lose confidence on the quick recovery of the domestic economy......»»

Category: financeSource:  thestandardRelated NewsJan 31st, 2021

Japanese firms expect higher profit this year – Jetro survey

More than half of Japanese firms operating in the Philippines expect higher profit this year on the back of an anticipated economic recovery, according to a survey by the Japan External Trade Organization.....»»

Category: financeSource:  philstarRelated NewsJan 6th, 2021

Minding our mines

Economic think tanks around the world are in agreement that the Philippines will post one of the highest economic contractions in 2020 followed by a slow recovery in 2021......»»

Category: newsSource:  philstarRelated NewsJan 6th, 2021

German firms bullish on Philippines recovery

Almost half of German firms in the Philippines expect their business to pick up in the next 12 months, even as they remain cautious about the country’s economic recovery, a survey of the German-Philippine Chamber of Commerce and Industry showed......»»

Category: financeSource:  philstarRelated NewsNov 28th, 2020

NEDA reviewing GDP contraction estimates for 2020

The National Economic and Development Authority said it is reviewing the gross domestic product growth estimates for 2020, taking into account the impact of the COVID-19 pandemic on the second-quarter performance and the possibility of slow recovery in the succeeding quarters......»»

Category: newsSource:  inquirerRelated NewsJul 10th, 2020

Government growth targets hinge on COVID-19 cases, jabs pace’

The government and the private sector will take into consideration other data such as infection spikes and vaccination pace in crafting economic outlooks as these factors determine how the country will recover from the impact of the pandemic......»»

Category: financeSource:  philstarRelated NewsAug 21st, 2021

British Chamber Philippines to continue promoting investment opportunities

(As released) British Chamber of Commerce Philippine Executive Director and Trustee Chris Nelson said vaccination is crucial to help the country’s economic recovery and attract more foreign direct investments......»»

Category: financeSource:  philstarRelated NewsAug 18th, 2021

‘New variants, slow jab pace burdening healthcare system’

The difficulties in containing the COVID-19 pandemic with the emergence of more contagious variants and the slow pace of vaccinations may overwhelm the Philippine healthcare system, according to Fitch Solutions Country Risk & Industry Research......»»

Category: financeSource:  philstarRelated NewsAug 17th, 2021