Gross Domestic Product
ARTICLE FINDER

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

Uber and LTFRB, Human Rights Watch, Alejano | Evening wRap

Aug 17, 2017 - 7:36 PM

Watch the evening newscast with Marguerite de Leon

Uber, Gross Domestic Product, Chinese tourists | Midday wRap

Aug 17, 2017 - 12:39 PM

Watch the midday newscast with Marguerite de Leon

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

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

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.

Total mining ban? 5 years to recover tax shortfall, says Dominguez

Mar 15, 2017 - 9:32 AM

Finance Secretary Carlos Dominguez III is also concerned about the impact of any mining ban on local government finance and people s livelihoods

CABINET MEETING. President Rodrigo Duterte and Finance Secretary Carlos Dominguez III talk before the start of the 13th Cabinet meeting on March 6, 2017. File photo by Toto Lozano/Presidential Photo

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

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

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

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

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

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

Nov 17, 2016 - 12:52 PM

Watch the 12PM newscast with Mara Cepeda

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

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

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

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

Briones: PH must prove it deserves to spend more on education

Jul 29, 2016 - 6:55 PM

Even with the education department getting the biggest cut of the budget pie the country is spending only 3 of its GDP on education below international standards

EDUCATION SPENDING. Education Secretary Leonor Briones says the Philippines can only show it deserves to spend 6% of the GDP on education by catching up on commitments to deliver services. Screenshot from Rappler

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

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

PH cuts GDP growth target for 2016, 2017

Jul 05, 2016 - 3:05 PM

3rd UPDATE The country s GDP growth target for 2016 has been reduced to 6 7 and for 2017 to 6 5 7 5

TRIMMED TARGETS. The Philippines expects lower economic growth this year and in 2017. In the photo are (L-R) NEDA's Pernia, DBM's Diokno, DOF's Dominguez, and BSP's Guinigundo, forming President Rodrigo Duterte's economic team. Photo by Chrisee Dela Paz/Rappler

China's total debt is more than double GDP – gov't economist

Jun 16, 2016 - 7:15 PM

China s borrowings hit 168 48 trillion yuan 25 6 trillion at the end of 2015 equivalent to 249 of GDP according to Li Yang

epa05259576 A Chinese construction worker sits in front of a billboard displaying the China Central Television (CCTV) Tower outside a construction site in Beijing, China, 15 April 2016. China's economic growth slowed to 6.7% in the first quarter of the year compared to the same period last year, according to Gross Domestic Product (GDP) figures released by the government on 14 April. EPA/HOW HWEE YOUNG

Economists maintain 2016 growth projections despite strong start

May 23, 2016 - 4:00 PM

Growth is expected to slow in the second half of the year as the Philippines transitions to a new president and faces global headwinds

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

Business groups to next president: Grow GDP, FDIs

Feb 10, 2016 - 12:00 PM

They also want increased openness to foreign trade tax reform and a public private partnership law

WISH LIST. Representatives of the Joint Foreign Chamber of the Philippines give a preview of their recommendations to the next Philippine president. Photo by Chrisee Dela Paz/Rappler