GDP - updates

Rappler's latest stories on GDP

ARTICLE FINDER

Singapore GDP contracts sharply, in warning for virus-hit global economy

Mar 26, 2020 - 4:15 PM

(UPDATED) Export-reliant Singapore is now heading for a deep recession in 2020 after shrinking 2.2% in the 1st quarter

This photograph taken on February 18, 2020 shows commercial buildings in the central business district in Singapore. - Singapore's economy, a bellwether for trade-reliant Asian countries, suffered its worst contraction since the global financial crisis in the first quarter as the coronavirus pandemic escalated, official data showed on March 26. (Photo by ROSLAN RAHMAN / AFP)

South Africa slips into 2nd recession in 2 years

Mar 03, 2020 - 7:55 PM

(UPDATED) South Africa remains dogged by high and rising debt, low growth, and soaring unemployment

BATTLE VS FAKE NEWS. The South African flag flies above the South African Parliament on November 18, 2014, in Cape Town. File photo by Rodger Bosch/AFP

Japan suffers worst economic slump in 5 years

Feb 17, 2020 - 5:35 PM

Japan's gross domestic product shrinks in October-December 2019, suffering the biggest contraction since the 2nd quarter of 2014

This picture taken on January 25, 2020 shows a general view of skyscrapers in Tokyo's Shinjuku area. - Tokyo's benchmark Nikkei index dropped more than two percent January 27 on concerns over the potential impact of a new coronavirus that has killed at least 80 people in China. (Photo by Kazuhiro NOGI / AFP)

Hong Kong economy shrinks for first time in a decade

Feb 03, 2020 - 10:30 PM

The United States-China trade war and months of protests take their toll on Hong Kong's economy in 2019

TOURISM DECLINING. A shot of the Mong Kok district in Hong Kong. Photo from Shutterstock

[ANALYSIS] Why did Philippine growth drop to an 8-year low?

Jan 31, 2020 - 11:56 AM

Why is there disappointing growth, given the country's potential? Let's talk about lower investments and the weakening of industry.

Philippines misses GDP growth target for 2019

Jan 23, 2020 - 10:00 AM

(UPDATED) GDP growth picks up in the 4th quarter of 2019, but the impact of the budget impasse proves to be too much as the overall target is not met

Global slowdown spoils Duterte's 8% GDP growth dream

Dec 11, 2019 - 6:05 PM

President Rodrigo Duterte's economic team lowers the Philippines' growth target to the 6.5% to 7.5% range for 2020 to 2022

[ANALYSIS] Is the Philippine economy in the pink again? Not exactly

Nov 08, 2019 - 6:50 PM

Latest data betray troubling trends in the economy that soon need to be addressed

Philippine GDP growth jumps to 6.2% in Q3 2019

Nov 07, 2019 - 10:06 AM

(UPDATED) While economic growth rises in the 3rd quarter, the Philippines is still almost certain to miss its target for 2019

China's growth slows to 6% in third quarter, weakest in 27 years

Oct 18, 2019 - 4:07 PM

With China a key driver of global growth, the soft reading adds to concerns about the world economy and prompts speculation that authorities will unveil fresh stimulus following a series of other measures in recent months

SLOW DOWN. This file photo taken on September 24, 2019 shows employees producing down coats at a factory for Chinese clothing company Bosideng in Nantong in China's eastern Jiangsu province. AFP Photo

Pernia lists steps to improve disappointing Philippine GDP growth

Aug 08, 2019 - 8:30 PM

The dismal state of agriculture, trade wars, and domestic politics are just some of the problems the government's economic team is facing

Philippine GDP growth still below target at 5.5% in Q2 2019

Aug 08, 2019 - 10:02 AM

(UPDATED) The Philippine government's economic team must play catch up, as growth slows down again in the 2nd quarter of 2019 – the lowest in 17 quarters

Hong Kong growth stalls in Q2 2019 amid trade war, protests

Jul 31, 2019 - 9:00 PM

Hong Kong's economy posts 0.6% growth in the 2nd quarter of 2019, with the government blaming a drop in exports and 'sluggish' domestic demand

A general view shows residential and office buildings in Hong Kong on July 30, 2019. (Photo by ISAAC LAWRENCE / AFP)

U.S. economic growth slows in Q2 2019, 2018 falls below Trump target

Jul 28, 2019 - 10:05 PM

The growth between the 4th quarter of 2018 and the 4th quarter of 2017 is revised to 2.5% from 3%. United States President Donald Trump had repeatedly hailed the 3%.

Photo from Shutterstock

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

Watch Rappler’s Midday newscast with Marguerite de Leon

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

#ThewRap: Things you need to know, May 14, 2018

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

Watch Rappler's evening newscast with Mara Cepeda

#ThewRap: Things you need to know, May 10, 2018

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

Watch the midday newscast with Gelo Gonzales

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