GDP - updates

Rappler's latest stories on GDP

ARTICLE FINDER

Tourism's GDP share rises in 2018 despite Boracay closure

Jun 10, 2019 - 7:50 PM

The number of jobs in the tourism industry also inches up by 1.8% to 5.4 million in 2018

Photo by Boy Ryan B. Zabal

IMF upgrades U.S. growth forecast but warns of rising risks

Jun 06, 2019 - 10:35 PM

The International Monetary Fund expects the United States economy to grow by 2.6% in 2019, but says the country must quickly resolve its trade war with China

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. - Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP)

IMF slightly lowers China's 2019 GDP growth forecast to 6.2%

Jun 05, 2019 - 7:20 PM

The International Monetary Fund points to China's trade war with the United States, warning that 'growth will suffer'

This picture taken on May 14, 2019 shows workers making clothes for export at a factory in Quanzhou in China's eastern Fujian province. (Photo by STR / AFP) / China OUT

Philippine GDP growth drops to 4-year low in Q1 2019

May 09, 2019 - 10:03 AM

(3rd UPDATE) The Philippines posts only 5.6% growth in the 1st quarter of 2019, as the government's infrastructure projects hit pause due to the delayed national budget approval

Economic growth inches up to 6.1% in Q4 | Midday wRap

Jan 24, 2019 - 1:32 PM

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Economic growth inches up to 6.1% in Q4, but misses 2018 target

Jan 24, 2019 - 10:06 AM

(UPDATED) While the GDP growth in 2018 misses the government's target, it does not come as a surprise to economists

EXPECTED TO MISS. The country's economic growth falls below government's target. Image from Shutterstock

Philippine economy slows down to 6.1% in Q3 2018

Nov 08, 2018 - 10:03 AM

(UPDATED) This is lower than the revised 2nd quarter figure of 6.2%

Chinese Q3 growth hits 9-year low as debt, trade row drag

Oct 19, 2018 - 11:14 AM

(UPDATED) Analysts say the slowing growth could prompt an end to Beijing's fiscal prudence

ECONOMY. A couple wearing Qing dynasty style headwear walk with their children in Tiananmen square in Beijing in December 2012. File photo by AFP

6.8% inflation? Diokno says 'no big difference'

Oct 02, 2018 - 2:55 PM

The Philippines is set to miss the GDP growth target of 7% to 8% this year, too, says Budget Secretary Benjamin Diokno

NO DIFFERENCE. Budget Secretary Benjamin Diokno says that a higher inflation rate in September will make "no big difference." Photo by Darren Langit/Rappler

Q2 GDP, Usec Badoy on Uson, UN Chief named | Midday wRap

Aug 09, 2018 - 2:08 PM

Watch Rappler’s midday newscast with Margie de Leon

Lower GDP over Duterte's policies? 'So be it,' says Malacañang

Aug 09, 2018 - 1:11 PM

Environmental policies that have slowed down economic growth, such as the Boracay closure and stricter rules for mining, are 'justified,' says Presidential Spokesman Harry Roque

President Rodrigo Roa Duterte salutes the flag as he sings the Philippine national anthem during the 117th Police Service Anniversary at the Philippine National Police (PNP) Headquarters in Camp Brigadier General Rafael T. Crame, Quezon City on August 8, 2018. RICHARD MADELO/PRESIDENTIAL PHOTO

Philippine economy slows down to 6% in Q2 2018

Aug 09, 2018 - 10:06 AM

(3rd UPDATE) The gross domestic product for the 2nd quarter of 2018 falls short of market expectations

Philippines revises Q1 2018 GDP down to 6.6%

Aug 08, 2018 - 9:20 PM

'Major contributors to the downward revision were other services, manufacturing, and agriculture and forestry,' says the Philippine Statistics Authority

Taguig City

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May 14, 2018 - 10:52 AM

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Barangay, SK elections 2018 at the Corazon Elementary School, Batasan Rd, Quezon City. Photo by Maria Tan/Rappler

PH GDP grows 6.8%, Kim on Trump, Pacquiao on Mayweather | Evening wRap

May 10, 2018 - 7:53 PM

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May 10, 2018 - 10:42 AM

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VOTED. Former Malaysian prime minister and opposition party Pakatan Harapan's candidate Mahathir Mohamad shows his inked finger as he casts his vote at a polling station during the 14th general elections in Alor Setar on May 9, 2018.​ Photo by Jewel Samad/ AFP

Philippine GDP grows by 6.8% in Q1 2018

May 10, 2018 - 10:04 AM

(4TH UPDATE) Socioeconomic Planning Secretary Ernesto Pernia says Philippine economic growth in the first quarter of the year would have been well within government's target if it were not for high inflation

Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'

May 03, 2018 - 4:10 PM

While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed

READY TO RAISE. If all considerations point to the need for the BSP to undertake some decisive action, Diwa Guinigundo says BSP 'will not have second thoughts.' File photo by BSP

Three Mindanao regions beat country's GDP in 2017

Apr 26, 2018 - 11:28 PM

The 3 Mindanao regions are Davao, Soccsksargen, and ARMM

Philippine economy to lose up to P1.96 billion over Boracay closure

Apr 24, 2018 - 4:10 PM

Socioeconomic Planning Secretary Ernesto Pernia says the growth rates of Western Visayas 'will be trimmed'

ECONOMIC IMPACT. Upon the orders of President Rodrigo Duterte, Boracay Island will be closed to tourists for 6 months starting Thursday, April 26. Photo by Angie De Silva/Rappler

BPI expects to benefit from higher interest rates, tax reform, infra buildup

Apr 19, 2018 - 6:50 PM

In 4 to 5 years, BPI expects to raise the share of SME, retail, and microfinance loans to 35%, and reduce the share of corporate loans to 65%

EXPANSION PLANS. BPI plans to allocate P50 billion to accelerate the growth of small and medium enterprise (SME), boost digitalization efforts, enhance deposit franchise and delivery infrastructure, as well as improve its microfinance business. Photo by LeAnne Jazul/Rappler

World Bank expects stable 6.7% growth for PH in 2018, 2019

Apr 12, 2018 - 8:00 PM

'Any growth above 6.7% would require vigorous investment in physical and human capital to push the economy beyond its current potential output,' says the World Bank

Philippines in 'golden age' of growth – ADB

Apr 11, 2018 - 1:21 PM

The Asian Development Bank projects the Philippine economy to grow by 6.8% in 2018 and 6.9% in 2019

ADB Asian development outlook 2018

PH can become upper middle income country by 2019 – NEDA

Apr 03, 2018 - 4:20 PM

'Our target to become an upper middle income country is in 2022. But we think we will get to that stance much earlier,' says National Economic and Development Authority Undersecretary Rosemarie Edillon

6-month Boracay closure to have minimal impact on economy – NEDA

Apr 03, 2018 - 12:24 PM

A National Economic and Development Authority official says the proposed 6-month shutdown of Boracay will 'only have 0.1% impact' on the country's gross domestic product growth

NO SIGNIFICANT IMPACT. National Economic and Development Authority says the planned temporary closure of Boracay will not have a significant impact on the country's economic growth. Photo from Wikimedia

Philippine economy likely to grow above 7% in Q1 2018 – First Metro, UA&P

Apr 02, 2018 - 2:40 PM

Higher jobs created, foreign direct investments, and manufacturing output, among others, point to a stronger gross domestic product growth for the Philippines

7% economic growth 'very achievable' this year – BPI

Feb 20, 2018 - 8:50 PM

The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses

Height, lifespan, GDP: Humanity has stagnated for most of its history

Feb 10, 2018 - 10:00 AM

This claim is particularly important given that mankind experienced significant technological improvements expected to increase productivity and income per person, from the Neolithic revolution to the invention of the printing press

For exclusive use in The Conversation story//Is the observation that the standard of living stagnated until 1820 reliable? Uroš Jovičić/Unsplash, CC BY

Philippine economy returns crown to China

Jan 23, 2018 - 5:45 PM

The Philippine economy lags behind China and Vietnam in 2017, but remains the fastest-growing economy in the ASEAN-5

Mayon Volcano eruption, 2017 GDP growth, Facebook on democracy | Midday wRap

Jan 23, 2018 - 12:32 PM

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Philippine GDP grows by 6.7% in 2017

Jan 23, 2018 - 10:05 AM

(2nd UPDATE) For the 4th quarter of 2017 alone, the Philippine economy grows by 6.6%. Its 2017 growth places it 3rd in Asia behind China and Vietnam.

Philippines revises Q3 2017 GDP growth upwards to 7%

Jan 22, 2018 - 2:30 PM

The top 3 contributors to the upward revision are manufacturing; trade and repair of motor vehicles, motorcycles, personal and household goods; as well as mining and quarrying

Philippines ready to face potential shocks in 2018 – BSP

Jan 04, 2018 - 8:15 PM

The country's central bank says the Philippine economy can withstand any volatility in the global financial markets

Philippine economy to grow fastest in ASEAN-5 in 2018 - First Metro

Jan 04, 2018 - 4:06 PM

The Philippine economic growth is seen to be driven by the revival in manufacturing, consumption spending, stable remittances from overseas Filipinos, and tourism boom

Bad loans rise at Philippines' big banks in October

Dec 27, 2017 - 6:30 PM

The Philippines' central bank says rate of bad loans remains manageable across economic sectors, like financial and insurance activities

NEDA eyes 6 big infra project rollouts, 8% GDP growth in 2018

Dec 14, 2017 - 6:10 PM

These projects include the Metro Manila Subway and Phase 1 of the Mindanao Railway which would encompass the Tagum-Davao-Digos Segment

ECONOMIC PLANNING. NEDA officials led by Socioeconomic planning secretary Ernesto Pernia (5th from right) discuss upcoming infrastructure and other economic issues at NEDA's 2017 year-end briefing held in Pasig on December 14. Photo by Chris Schnabel/Rappler

ADB upgrades Philippine GDP growth forecast for 2017, 2018

Dec 13, 2017 - 4:30 PM

The outlook of the Asian Development Bank 'assumes that growth in the government's infrastructure program will accelerate'

Fitch upgrades Philippines' credit rating

Dec 11, 2017 - 12:26 PM

(UPDATED) The upgrade from BBB- to BBB is due to strong economic growth and the tax reform initiative

DA: Q3 growth in palay production 'most notable' for agri sector

Nov 22, 2017 - 4:05 PM

Agriculture Secretary Emmanuel Piñol hopes the 'bountiful harvest' of rice they are expecting for the 4th quarter will boost the agriculture sector's performance by the end of the year

SUPPLY CHECK. Keeping the rice supply in check is crucial because it tames the grain’s retail price in the market. File photo by Jay Directo/AFP

BSP remains vigilant over potential economic overheating

Nov 21, 2017 - 7:15 PM

'We do not believe that we are there yet and we remain very vigilant to avoid it,' Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr says on the possibility that the economy might overheat

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ASEAN on China, Solano on Castillo, Da Vinci painting sold for $450M | Evening wRap

Nov 16, 2017 - 7:51 PM

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Philippines overtakes China in economic growth again

Nov 16, 2017 - 12:45 PM

In the 3rd quarter of 2017, the Philippine economy's 6.9% growth performs better than China and neighboring ASEAN countries

PH GDP Growth, Mocha on Trudeau, Duterte and Li | Midday wRap

Nov 16, 2017 - 12:33 PM

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Philippine GDP grows faster than expected by 7% in Q3 2017

Nov 16, 2017 - 10:16 AM

(4th UPDATE) The Philippines posts a 'spectacular' 7% economic growth in the 3rd quarter despite slower consumption

Philippine GDP growth in Q2 2017 raised to 6.7%

Nov 15, 2017 - 8:55 PM

The top 3 contributors to the upward revision are financial intermediation; construction; and real estate, renting, and business activities

Achieving peace in Mindanao key to PH economic growth – World Bank

Oct 05, 2017 - 8:30 PM

The World Bank says long-standing armed conflict in Mindanao makes it challenging to unlock the growth potential of the region, which is a major source of agricultural products

UNLOCKING MINDANAO. World Bank says increasing productivity in Mindanao could reduce prices for food and other goods across the country and improve the competitiveness of the agriculture sector. Rappler graphics by Raffy De Guzman

World Bank cuts Philippine GDP forecast again

Oct 04, 2017 - 9:05 PM

The World Bank's new projections are 6.6% for 2017 and 6.7% for 2018, down from the previous forecasts of 6.8% and 6.9%, respectively

ADB retains PH growth outlook, sees no signs of economy overheating

Sep 26, 2017 - 8:15 PM

The Asian Development Bank retains its forecast of 6.5% GDP growth for 2017 and 6.7% for 2018, while noting that infrastructure investment and receding inflation will fuel the economy

PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year