Gross Domestic Product - updates

Rappler's latest stories on Gross Domestic Product

ARTICLE FINDER

Brexit turmoil drives UK economy towards recession

Aug 09, 2019 - 6:02 PM

Gross domestic product fell 0.2% in the April-June period, the first time the economy has contracted in almost 7 years

UK ECONOMY. Union flags fly near the Houses of Parliament, comprising the House of Commons and the House of Lords, in London on March 13, 2017. File photo by Daniel Leal-Olivas/AFP

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

The cold will inherit the Earth

May 12, 2019 - 11:00 AM

It is not 'wealthy country warming' that is happening, but global warming. We all live in a planet that has been warming.

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

Duterte on 2019 budget standoff: I won't sign anything illegal

Mar 11, 2019 - 9:05 PM

Faced with the further delay of the signing of the 2019 budget, President Rodrigo Duterte also warns of a 'slide' in economic growth

PARTNERS FOR PROGRESS, BROTHERS FOR PEACE. President Rodrigo Roa Duterte and members of his cabinet hold an expanded bilateral meeting with Malaysian Prime Minister Mahathir Mohamad and the members his delegation at the Malacañan Palace during the Malaysian Prime Minister's two-day official visit to the Philippines on March 7, 2019. Malacañang Photo

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

Japan economy shrinks in Q3 as natural disasters hit

Nov 14, 2018 - 10:48 AM

Gross domestic product for the July-September period has contracted 0.3% from the previous quarter, reversing growth of 0.8% in the April-June period

ECONOMY SHRINKS. Experts say a number of natural disasters in Japan dampened personal consumption, company investment and exports. File photo from AFP

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%

Inflation up, GDP down: Economic managers revise PH outlook

Oct 16, 2018 - 3:30 PM

Finance Secretary Carlos Dominguez III says they revised the economic outlook to reflect the 'very different world' we are living in now

Rappler Talk: Making sense of the Philippine economy

Aug 10, 2018 - 3:08 PM

Rappler talks to AJ Montesa of the Action for Economic Reforms and Rappler columnist JC Punongbayan to understand the latest economic data

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

Philippine economy’s growth likely slowed in Q2 2018 – Moody's

Aug 03, 2018 - 7:29 PM

Moody's Analytics says inflation is partly to blame for the slower gross domestic product growth

GROWTH. Moody's Analytics projects the Philippine economy to have grown at a slower pace partly due to inflation. Photo by Jire Carreon

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

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

#ThewRap: Things you need to know, January 23, 2018

Jan 23, 2018 - 10:59 AM

Hello! Here's a roundup of news you need to know this Tuesday.

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

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

Nov 17, 2017 - 11:00 AM

Hello! Here are the stories you shouldn't miss this Friday.

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

Nov 16, 2017 - 7:51 PM

Watch the evening newscast with Marguerite de Leon

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

Watch the midday newscast with Marguerite de Leon

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