GDP Philippines - updates

Rappler's latest stories on GDP Philippines

ARTICLE FINDER

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

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

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

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, 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%

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

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

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

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

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

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

#ThewRap: Things you need to know, November 17, 2017

Nov 17, 2017 - 11:00 AM

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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

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

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

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

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

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

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

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

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

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

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

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

Nov 17, 2016 - 7:06 PM

Watch the 6PM newscast with Chay Hofileña

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

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

Aug 18, 2016 - 7:42 PM

Watch the 6PM wRap with Maria Ressa

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

Filipino consumers most optimistic in the world for Q2 2016 – Nielsen

Aug 02, 2016 - 7:00 PM

Research firm Nielsen says confidence in the Philippines is at an all time high buoyed by the promise of future reforms

FMIC boosts Philippine GDP growth forecast in 2016

Jul 11, 2016 - 5:22 PM

This is buoyed by strong economic fundamentals heightened election related spending increased domestic demand led by investments and stronger government spending

MORE INFRA. The new admin's higher requirements of infrastructure programs seen to boost government spending. File photo by Agence France-Presse

ING raises PH growth forecast to 6.5% this year, 6.2% in 2017

Jun 14, 2016 - 7:20 PM

The upgrades are a result of the Duterte administration s plans to increase deficit spending to 3 of GDP from the previous 2

PH GDP grows 6.9% Q1 2016

May 19, 2016 - 10:05 AM

3rd UPDATE This makes the Philippines the fastest growing economy in the region ahead of regional giant China

IMF lowers Philippine GDP forecast for 2016, 2017

Feb 18, 2016 - 12:34 PM

Although the IMF sees the country s economy performing remarkably well it trimmed its Philippine GDP forecast for 2016 and 2017 to 6 and 6 2 respectively

GLOBAL HEADWINDS. The lender warns of lower growth in China and the region, higher global financial volatility and capital outflows

Philippine GDP grows 6.3% in Q4 2015

Jan 28, 2016 - 10:13 AM

UPDATED For the entire year the country s GDP grew an average of 5 8 the Philippine Statistics Authority says

Second half will be better – economists

Aug 27, 2015 - 8:25 PM

The Philippine economy will pick up steam due to the expected surge in OFW remittances more infra projects and early spending for the 2016 polls

SUNNIER OUTLOOK. Higher infrastructure spending, election multiplier, and robust OFW remittances will be the main drivers of Philippine economy in the second half of the year, economists say