GDP
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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

Drug war, Maute terrorists 'rising' risks for Philippines – Moody's

Sep 16, 2017 - 6:17 PM

Moody's also cited "continued uncertainties" over Duterte's proposed comprehensive tax reform law that Congress had yet to pass

DRUG WAR. 3 suspected drugs personalities were apprenhended by cops while 3 others died after a shootout in Maypajo, Caloocan City on September 30, 2016. Photo by LeAnne Jazul/Rappler

Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results

Aug 21, 2017 - 6:10 PM

The global financial services giant now expects the Philippines gross domestic product to grow faster at 6 1 instead of 6 this year

STRONGER. The upgrade is a result of a better-than-expected 2nd quarter 2017 results. Rappler file photo

#ThewRap: Things you need to know, August 18, 2017

Aug 18, 2017 - 10:07 AM

Hello Here are the stories you shouldn t miss this Friday

'TERRORIST ATTACK.' Policemen stand together on the Rambla boulevard after a van ploughed into the crowd, killing at least 13 people and injuring around 100 others on the Rambla in Barcelona on August 17, 2017. Photo by Josep Lago/AFP

Gov't spending, agriculture lift Philippine GDP in Q2 2017

Aug 17, 2017 - 8:50 PM

Spending on infrastructure is a bright spot for the economy in the 2nd quarter of 2017 but in a role reversal it s now the private sector and not the government that is lagging

Malacañan Photo

Philippine GDP grows faster by 6.5% in Q2 2017

Aug 17, 2017 - 10:10 AM

3rd UPDATE The 6 5 growth in GDP places the Philippines ahead of ASEAN nations that have released their 2nd quarter figures but it is still behind China

Credit Suisse expects slower PH GDP growth in Q2

Aug 11, 2017 - 1:38 PM

The Philippines GDP growth has been on the downtrend since the 4th quarter of 2016

ON A DOWNTREND. Credit Suisse expects Philippine economic growth to be on a downtrend. Rappler photo

IMF cuts 2017, 2018 Philippine GDP forecasts

Aug 09, 2017 - 2:25 PM

The multilateral lender cuts its Philippine economic growth forecast to 6 6 for 2017 and 6 8 for 2018 but remains optimistic about the country s economy

REMAINS OPTIMISTIC. Despite a downgrade in forecasts, International Monetary Fund says it is still 'very optimistic about growth in the Philippines.' Rappler file photo

Standard Chartered cuts Philippine GDP forecast

Aug 01, 2017 - 8:05 PM

The bank slashes its forecast to reflect the disappointing GDP expansion in the 1st quarter of the year which was largely due to weak investment growth

STILL FASTEST? The projected GDP growth for the Philippines this 2017 would be faster than Stanchart's 2017 outlook for Vietnam (6.4%), Indonesia (5.2%), Malaysia (4.6%), Thailand (3.5%), Singapore (2%), and Taiwan (1.9%). Rappler file photo

First Metro, UA&P lower Philippine GDP forecast due to slow spending

Jul 05, 2017 - 8:05 PM

Economists express concern over infrastructure projects warning that changing modes of implementation midway would lead to delays and slower growth

FORECAST. First Metro and UA&P have trimmed their Philippine economic growth forecast for 2017

World Bank cuts PH growth outlook to 6.8%

Jul 02, 2017 - 10:25 PM

With government consumption and investment growth somewhat weaker the World Bank lowers its forecast for the Philippines in 2017

REVISED DOWNWARDS. The multilateral bank agency's growth outlook for the Philippines is now 6.8% for 2017, one percentage point lower than the 6.9% forecast released in the April edition of the World Bank Philippine Economic Update. Rappler file photo

NEDA expects Philippine economy to grow faster in Q2

Jun 12, 2017 - 6:55 PM

Socioeconomic Planning Secretary Ernesto Pernia says the Marawi siege and the Resorts World Manila attack will not have lasting impact on tourism and the economy as a whole

HIGHER GROWTH. 'I think it will approach 7%. If you look at leading indicators, the second quarter I think will be better (than the first quarter),' Socioeconomic Planning Secretary Ernesto Pernia says. Malacañang file photo  Malacañang file photo

Moody's keeps Philippine GDP target despite Marawi crisis

Jun 01, 2017 - 5:50 PM

A senior credit officer at Moody s says the firm expects the economic impact of the Marawi crisis to be minimal and short lived

CONTAINED. Moody's explains the fighting has thus far has been contained to Marawi, located in the Autonomous Region in Muslim Mindanao (ARMM), which itself accounts for only 0.7% of GDP. File photo

Duterte foreign policy, Anti-Distracted Driving Act, Mike Pence | Evening wRap

May 22, 2017 - 10:53 PM

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Gov't infra push fails to spark economy in Q1

May 22, 2017 - 12:30 PM

The Duterte administration s Build Build Build program has yet to break ground and lift the economy leaving the private sector to fill the void

EU and PH, GDP growth, Mueller | Midday wRap

May 18, 2017 - 1:43 PM

Watch the midday newscast with Mara Cepeda

#ThewRap: Things you need to know, May 18, 2017

May 18, 2017 - 10:48 AM

Hello Here are the stories you shouldn t miss this Thursday

PH economy grows slower by 6.4% in Q1

May 18, 2017 - 10:18 AM

UPDATED Aquino and Duterte have something in common: slow pace of public infrastructure spending

PH 2016 growth upgraded to 6.9%

Apr 07, 2017 - 7:04 PM

The major contributors for the upward revision in 2016 were Construction Mining and Quarrying and Other Services says the Philippine Statistics Authority

Can conglomerates foster inclusive development in PH?

Apr 03, 2017 - 10:00 AM

The country faces a dilemma in development as it strives to achieve growth and progress amid distress and poverty

DILEMMA. The Philippines is one of the fastest growing economies despite having the third highest poverty incident rate in ASEAN.

Filipino consumers less optimistic in Q1

Mar 25, 2017 - 7:47 PM

Based on the results of the 1st Quarter Consumer Expectation Survey the consumer confidence index slipped to 8 7 from a record high 9 2 in the fourth quarter of 2016

The latest BSP Consumer Expectation Survey reported lower consumer confidence levels for all 3 readings of the current quarter, next quarter, and coming year.

NEDA Board approves dev't plan, vows 'inclusive growth' under Duterte

Feb 21, 2017 - 5:00 PM

Through the Philippine Development Plan 2017 2022 the Duterte administration aims to boost GDP growth to 7 8 and reduce the overall poverty rate to 14 in 6 years

President Rodrigo Roa Duterte presides over the National Economic and Development Authority (NEDA) Board Meeting at the Malacañan Palace on February 20, 2017. Malacañang Photo

Indonesia growth up in 2016 but Q4 figures disappoint

Feb 06, 2017 - 4:54 PM

A weaker than expected quarterly performance of 4 94 in the period October to December overshadows the annual data The growth in the fourth quarter is dragged down by a dip in government spending

ECONOMIC GROWTH. Indonesian President Joko Widodo (L) delivers a speech at the parliament in Jakarta on August 16, 2016. File photo by Adek Berry/AFP

Philippine stocks, peso flat on GDP results

Jan 26, 2017 - 7:50 PM

Net foreign selling is recorded at P309 979 million during the session on Thursday January 26

WITHIN CONSENSUS. Markets traded rather flat as the 2016 GDP came out within expectations this morning, economist says

Under Duterte, is PH economy in good hands?

Jan 26, 2017 - 4:20 PM

Growth momentum is there until 2017 but beyond that the management of the new leader Duterte will have a key role says the senior economist at ING bank

MOVING FORWARD. Aquino turned over an economy to Duterte that has benefited from reforms in governance and transparency. How will the economy fare under Duterte? Rappler graphics

#ThewRap: Things you need to know, January 26, 2017

Jan 26, 2017 - 11:26 AM

Hello Here are the stories you shouldn t miss this Thursday

Still among Asia's fastest, PH grows 6.8% in 2016

Jan 26, 2017 - 10:07 AM

UPDATED The result puts the country s economic growth ahead of China s full year growth of 6 7 as well as Vietnam s 6 2

STILL THE FASTEST

PH seen to remain fastest-growing economy in ASEAN-6 for 2017

Jan 25, 2017 - 6:35 PM

But the country s economic growth is expected to slow down from 2018 to 2020 with Vietnam likely to outpace the Philippines

SUNNY OUTLOOK. Higher infrastructure spending and robust OFW remittances will be among the main drivers of Philippine economy in 2016 and 2017, economists say

PH economy to stand out in Asia in 2017 – HSBC

Jan 12, 2017 - 6:35 PM

The financial giant raises its 2016 GDP forecast for the country to 6 8 from 6 5 as well as its 2017 GDP forecast to 6 5 from 6 3

NEDA: Higher inflation in 2017 likely to hurt consumer spending

Jan 10, 2017 - 1:45 PM

But the National Economic and Development Authority NEDA says it will not have a significant impact on the country s economic growth this year

BUYING POWER. Expect increase of prices of basic goods and services to be much faster this year than in 2016. Photo by Agence France-Presse

PH economy seen to grow 'as much as 8%' in 2017

Jan 05, 2017 - 4:43 PM

This is seen to be driven by higher capital investments as the Duterte administration continues to ramp up infrastructure spending

FASTER. The country’s gross domestic product (GDP) growing by 7% to 8% this 2017 and beyond 'will be doable with low inflation,' University of Asia and Pacific (UA&P) economist Victor Abola says. Rappler file photo

UBS sees slower growth, weaker peso for 2017, 2018

Dec 28, 2016 - 8:14 PM

The global financial giant forecasts economic growth to slow to 5 6 next year and 6 0 in 2018 with the peso hitting 51 to the dollar next year and falling further to 55 in 2018

World Bank expects strong growth for PH until 2018

Dec 15, 2016 - 4:55 PM

The global institution sees 6 8 growth this year 6 9 next year and 7 0 in 2018 due to expected infrastructure upgrades and high confidence among consumers and investors

A bird's eye view of two buildings under construction in Manila on November 17, 2016. The Philippines became developing Asia's fastest-growing major economy in President Rodrigo Duterte's first three months in office, officials said on November 17, even as his fiery rhetoric hit the peso and stock prices. / AFP PHOTO / TED ALJIBE

ADB upgrades PH growth forecast for 2016, 2017

Dec 13, 2016 - 8:25 PM

The Asian Development Bank sees the country s GDP growth hitting 6 8 this year instead of 6 4 and 6 4 next year instead of 6 2

Gov't debt drops further in September 2016

Dec 04, 2016 - 10:40 PM

Increased spending and a robust economy contribute to government debt dropping to 44 2 from 44 7 despite a drop in government collections

Economists see PH on higher growth track for Q4 and 2017

Nov 20, 2016 - 6:25 PM

The Christmas season is expected to boost consumption and set up the economy for a strong finish to the year despite market and peso worries

Rodrigo Duterte, PH economy, United States | 6PM wRap

Nov 17, 2016 - 7:06 PM

Watch the 6PM newscast with Chay Hofileña

PH GDP, Zika cases, fake news | 12PM wRap

Nov 17, 2016 - 12:52 PM

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PH GDP grows by 7.1% in Q3 2016

Nov 17, 2016 - 10:05 AM

The Philippines is the fastest growing among major Asian emerging economies that have already released data for the quarter says NEDA

Indonesian growth slows in 3rd quarter

Nov 07, 2016 - 3:30 PM

The economy expanded 5 02 year on year from July to September slightly below forecasts and slower than a revised 5 19 in the second quarter according to the statistics agency

NEDA: Poverty incidence could fall with full implementation of RH law

Nov 06, 2016 - 9:50 PM

The poverty incidence could fall to 13 15 in 2022 from 21 6 in 2015 This estimate also assumes continued economic growth which NEDA expects to remain on track for the 3rd quarter of 2016

IMF warns of protectionist threat to global growth

Oct 05, 2016 - 11:30 AM

The International Monetary Fund cuts its economic outlook for the United States but upgrades those for Japan and the eurozone

This IMF handout photo shows International Monetary Fund Economic Counsellor Maurice Obstfeld as he answers questions during the World Economic Outlook Press Conference at the IMF Headquarters during the 2016 IMF/World Bank Annual Meetings October 4, 201 in Washington, DC. / AFP PHOTO / IMF / Stephen Jaffe / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /IMF/Stephen JAFFE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

World Bank optimistic about PH economy until 2018

Oct 04, 2016 - 8:15 PM

Although the near term outlook is highly positive the World Bank says the Philippines also faces medium term risks

POSITIVE. World Bank retains its Philippine economic growth forecast this year at 6.4%, noting the macroeconomic policies of the new administration

ADB upgrades PH growth outlook to 6.4% for 2016, 6.2% for 2017

Sep 27, 2016 - 4:33 PM

The Asian Development Bank sees the Philippines as an economic bright spot with growth expected to pick up on continued consumption and expected reforms

OPTIMISTIC. Economists at the Asian Development Bank explain their projections for the Philippines and the rest of the region at the release of the update to its flagship report held on September 27 at its headquarters in Mandaluyong. Photo by Chris Schnabel/Rappler

IMF's Lagarde warns G20 to avoid 'low-growth trap'

Sep 02, 2016 - 12:00 AM

UPDATED Not since the early 1990s has the world economy been so weak for such a long time says the International Monetary Fund s Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde speaks at the Center for Global Development in Washington, DC, July14, 2016, marking the 15th anniversary of the Center. / AFP PHOTO / JIM WATSON

Balanced budget 'impractical' for the PH until 2022 – Diokno

Aug 22, 2016 - 7:10 PM

Philippine economic managers flesh out the proposed P3 3 trillion national budget for 2017 – an amount seen to help free the country from high socioeconomic inequality

NOT FOR NOW. One thing is certain for the Philippine economy in the coming years: deficits are not going away, the economic team of President Rodrigo Duterte tells the House committee. Photos by Chrisee Dela Paz/Rappler

Economists upbeat on PH prospects for 2nd half of 2016

Aug 21, 2016 - 8:50 PM

The Philippine economy is firing on all cylinders but economists say boosting spending is as critical as ever

Duterte vs De Lima, PH economy, Olympics | 6PM wRap

Aug 18, 2016 - 7:42 PM

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Strong Q2 showing maintains pace for more inclusive growth – DOF

Aug 18, 2016 - 7:00 PM

We expect to continue this growth trajectory but with a difference from the previous administration because we will be reducing poverty rates says Finance Secretary Carlos Dominguez III

Philippines GDP grows 7% in Q2 2016

Aug 18, 2016 - 10:10 AM

5th UPDATE Among the major Asian emerging economies the Philippines likely remains the fastest or second fastest growing economy in Q2 2016 followed by China says Socioeconomic Planning Secretary Ernesto Pernia