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Vietnam s GDP to reach nearly 470 bln USD in 2024: IMF

HANOI, March 14 (Xinhua) -- Vietnam's gross domestic product (GDP) is forecast to reach about 469.7 billion U.S. dollars by the end of 2024, ranking the fifth in Southeast Asia, Vietnam News reported Thursday, citing the International Monetary Fund (IMF). Indonesia, Thailand, Singapore and the Philippines have taken the leading positions in the forecast. According to IMF, Vietnam's GDP was estimated to ha.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2024

Social Media Firms Shares Soar in Stock Market Debut

India’s GDP Growth Rate Drops to 4.7% in Latest Quarter According to provisional data released by the Central Statistical Office, India’s GDP growth rate has.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 22nd, 2024

‘Investment spending rebounds in 2023 4Q, driving GDP growth’

‘Investment spending rebounds in 2023 4Q, driving GDP growth’.....»»

Category: sportsSource:  abscbnRelated NewsFeb 2nd, 2024

Philippines slightly upgrades GDP growth to 6 pct in Q3

MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Philippines posts 5.6% GDP growth in 2023, misses gov t target

The country’s gross domestic product (GDP) grew 5.6% in the fourth quarter from a year earlier, falling short of the government target, the Philippine Statistics Authority (PSA) reported on Wednesday......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

ADB cuts Philippines growth outlook to 6% in 2024

The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024

MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024

MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»

Category: newsSource:  manilanewsRelated NewsJan 26th, 2024

Philippine economy expands 5.7% in Q1

MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s target and slower than the 6.4 percent growth recorded in the same period last year. The Marcos administration.....»»

Category: newsSource:  inquirerRelated NewsMay 9th, 2024

Q3 GDP growth revised upward to 6 percent

The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief

INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

Philippine economy grows by 5.7% in Q1 2024

The latest economic print is slower than last year’s growth in the same period with 6.4% but higher than the fourth quarter of 2023 with 5.5%......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

NCR economy grows at slower pace in 2023

Metro Manila’s economy grew at a slower pace of 4.9 percent in 2023 from 7.2 percent in 2022, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

Small businesses may make up 60% of Philippines GDP – Visa

Small businesses in the Philippines may produce as much as 60 percent of the country’s gross domestic product (GDP) if financial institutions and the government could help the sector grow in the coming years, according to global digital payments platform Visa......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

PSA to announce Q4 GDP figure today at 10 a.m.

The Philippine Statistics Authority (PSA) will announce its data on the Q4 GDP number at 10 a.m. this morning......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

World Bank downgrades Philippine GDP projections for 2024 and 2025

The World Bank downgraded its GDP projections for the Philippines in 2024 and 2025 due to “various headwinds facing private investment”, like the effects of higher interest rates and “rising indebtedness.”.....»»

Category: financeSource:  philstarRelated NewsJan 11th, 2024

Wholesale price growth slowed in 2023

Growth in bulk prices of goods in the country eased last year as food and three other commodity groups posted slower price increases, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

NCR construction materials price growth eases in 2023

Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Wage hike to cut GDP growth, raise unemployment – NEDA

The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains ......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Moody’s Analytics sees below 5 percent GDP in Q4

Philippine economic growth likely slowed to below five percent in the final quarter of 2023 on the back of softer global economic growth, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024