May 7, 2020 | Business
It was the first quarterly contraction of gross domestic product (GDP), the value of goods and services produced by the economy, since the fourth quarter of 1998 or during the Asian financial crisis
Mar 23, 2020 | Business
Economists from Ateneo de Manila University on Monday called on the government to abandon its 6.5 percent to 7.5 percent economic growth target, and instead boost health spending and social protection as well as address economic and social costs ahead of a looming recession due to the Covid-19 pandemic.
Oct 11, 2019 | Business
Despite continuing global uncertainties, the Philippine economy remains strong and is expected to grow by 5.8 percent this year and 6.0 percent in 2020 and 2021, according to the Philippines Economic Update released by the World Bank.
Oct 11, 2019 | Business
The Singapore-based international organization ASEAN+3 Macroeconomic Research Office (AMRO) believes the Philippine economy will recover from a soft patch during the first semester of 2019 as the government begins to unload funds.
Jul 18, 2019 | Business
In a supplement to its annual Asian Development Outlook, the regional bank said Philippine gross domestic product was expected to grow by 6.2 percent this year instead of the earlier forecast of 6.4 percent.