Rappler's latest stories on Gross domestic product
Latest data betray troubling trends in the economy that soon need to be addressed
(UPDATED) While economic growth rises in the 3rd quarter, the Philippines is still almost certain to miss its target for 2019
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
Socioeconomic Planning Secretary Ernesto Pernia also asks lawmakers to consider extending the validity of the 2019 budget
Gross domestic product fell 0.2% in the April-June period, the first time the economy has contracted in almost 7 years
The dismal state of agriculture, trade wars, and domestic politics are just some of the problems the government's economic team is facing
(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's economy posts 0.6% growth in the 2nd quarter of 2019, with the government blaming a drop in exports and 'sluggish' domestic demand
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%.
The number of jobs in the tourism industry also inches up by 1.8% to 5.4 million in 2018
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
The International Monetary Fund points to China's trade war with the United States, warning that 'growth will suffer'
It is not 'wealthy country warming' that is happening, but global warming. We all live in a planet that has been warming.
(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
Faced with the further delay of the signing of the 2019 budget, President Rodrigo Duterte also warns of a 'slide' in economic growth
(UPDATED) While the GDP growth in 2018 misses the government's target, it does not come as a surprise to economists
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
(UPDATED) This is lower than the revised 2nd quarter figure of 6.2%
Finance Secretary Carlos Dominguez III says they revised the economic outlook to reflect the 'very different world' we are living in now
Rappler talks to AJ Montesa of the Action for Economic Reforms and Rappler columnist JC Punongbayan to understand the latest economic data
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
(3rd UPDATE) The gross domestic product for the 2nd quarter of 2018 falls short of market expectations
'Major contributors to the downward revision were other services, manufacturing, and agriculture and forestry,' says the Philippine Statistics Authority
Moody's Analytics says inflation is partly to blame for the slower gross domestic product growth
(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
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
Socioeconomic Planning Secretary Ernesto Pernia says the growth rates of Western Visayas 'will be trimmed'
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%
'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
The Asian Development Bank projects the Philippine economy to grow by 6.8% in 2018 and 6.9% in 2019
'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
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
Higher jobs created, foreign direct investments, and manufacturing output, among others, point to a stronger gross domestic product growth for the Philippines
The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses
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
The Philippine economy lags behind China and Vietnam in 2017, but remains the fastest-growing economy in the ASEAN-5
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(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.
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
The country's central bank says the Philippine economy can withstand any volatility in the global financial markets
The Philippine economic growth is seen to be driven by the revival in manufacturing, consumption spending, stable remittances from overseas Filipinos, and tourism boom
The Philippines' central bank says rate of bad loans remains manageable across economic sectors, like financial and insurance activities
These projects include the Metro Manila Subway and Phase 1 of the Mindanao Railway which would encompass the Tagum-Davao-Digos Segment
The outlook of the Asian Development Bank 'assumes that growth in the government's infrastructure program will accelerate'
(UPDATED) The upgrade from BBB- to BBB is due to strong economic growth and the tax reform initiative
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
'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
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