Rappler's latest stories on economy
In 'normal' times, income from pilgrims creates jobs for Iraqis and brings in billions of dollars per year. But with the novel coronavirus, visitor numbers are plunging.
(UPDATED) 'We don't know what stage of this we're in and we don't know how much economic damage will be done,' says analyst Art Hogan
Hong Kong permanent residents aged 18 or above will each get HK$10,000 ($1,280)
United States National Economic Council Director Larry Kudlow says the US economy is 'holding up nicely' amid the novel coronavirus outbreak
Plunging stock prices in Milan, canceled trade shows, and threats to tourism hurt the already sluggish Italian economy
(3rd UPDATE) 'Even in the case of rapid containment of the virus, growth in China and the rest of the world would be impacted,' warns International Monetary Fund chief Kristalina Georgieva
As the novel coronavirus spreads, figures provided by cargo ship traffic paint a gloomy picture
G20 finance ministers and central bank governors gather amid growing alarm over the novel coronavirus
The Makati Business Club expresses concern over the termination of the Visiting Forces Agreement with the United States, saying it may 'affect other security agreements'
The reduction in China's loan prime rate is the latest measure to help companies struggling through the epidemic
'The truth is that uncertainty is becoming the new normal,' says International Monetary Fund Managing Director Kristalina Georgieva
Singapore downgrades its 2020 growth estimate to a range of -0.5% to 1.5% as it deals with the novel coronavirus
Japan's gross domestic product shrinks in October-December 2019, suffering the biggest contraction since the 2nd quarter of 2014
In the Philippines, air pollution from fossil fuels – primarily coal, oil, and gas – is attributed to causing an estimated 27,000 premature deaths per year
The 6 Gulf states – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates – count China as their main trading partner and crude buyer
Fitch Ratings says the Duterte administration's review of allegedly onerous contracts may create some uncertainty, but will not affect the overall business environment and foreign investments
As the novel coronavirus claims more lives and infects thousands of people every day, it is also taking a toll on China's small businesses
Consumer prices in China increase at their highest rate since October 2011, partly due to the novel coronavirus outbreak
The People's Bank of China offers special funding in the battle against the novel coronavirus outbreak
Amid the global economic slowdown and the novel coronavirus spooking markets, the Philippines' central bank aims to shore up the economy by trimming interest rates
Venezuela's central bank says inflation reached 9,585% in 2019. The opposition-controlled parliament puts it at 7,374%.
European Central Bank chief Christine Lagarde's remarks place the novel coronavirus on the same level of menace to growth as trade tensions and geopolitical flashpoints
Analysts warn that the economic impact of the novel coronavirus could surpass the SARS epidemic
The World Bank says it will revise its estimates downward 'for at least the first part of 2020,' as the novel coronavirus outbreak threatens global supply chains
In this uber-globalized world, we have to accept that when China sneezes we will all likely catch a cold. But how can we minimize the risk?
(UPDATED) Inflation picks up in January, but remains within the Philippine government's target range
With China 'at the heart of many global supply chains,' analysts warn the novel coronavirus outbreak could put a dent in the world economy
The United States-China trade war and months of protests take their toll on Hong Kong's economy in 2019
The People's Bank of China says it will maintain 'reasonable and abundant liquidity' in the banking system, as well as a stable currency market, during the novel coronavirus outbreak
Why is there disappointing growth, given the country's potential? Let's talk about lower investments and the weakening of industry.
Philippine officials do not see the novel coronavirus putting a major dent in the economy
The novel coronavirus outbreak is expected to deliver a fresh blow to the world's No. 2 economy
The United States Federal Reserve says 'there will clearly be implications' for Chinese output, but it is still 'very uncertain' how far it will spread
(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
Ranking officials of the Duterte government will do well to know a memorable quote in HBO’s Chernobyl: 'Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid'
Climate risks could generate a 'green swan' – a reference to the concept of an unpredictable and devastating 'black swan' event developed by philosopher Nassim Nicholas Taleb
The Washington-based global lending institution cautions that outcomes 'depend to an important extent on avoiding further escalation' between Washington and Beijing
The figures are released days after Vice Premier Liu He and Donald Trump signed a much-vaunted 'phase one' pact that marks a truce in their nearly two-year-old trade war
Pro-democracy protesters reward shops and restaurants that support their cause, tagging them 'yellow'. Pro-government and pro-China businesses are tagged 'blue' and frequent targets for vandalism or boycotts.
'We're an oil-producing country. Those accounts are in dollars. Cutting off access means totally turning off the tap,' an first Iraqi official says
The World Bank projects the global economy will grow by 2.4% in 2020. But forecasts for nearly every country are cut compared to previous estimates.
China's inflation is steady at 4.5% in December 2019, but pork prices remain high due to the African swine fever outbreak
Part 2: This year's budget is far less controversial than 2019, but to achieve that, compromises were made. Will it be worth it?
Most departments gain substantial increases in 2020's P4.1-trillion national budget, as the government recuperates from the effects of the 4-month budget delay in 2019
The reform would boost the minimum pension to $1,110, while offering bonuses to parents as well as women who stop working to look after children
(UPDATED) Transportation expenses go up, but low rice prices keep inflation within target in December 2019
Saudi economist Fadhl al-Bouenain says a US-Iran war would further dampen economic growth in Gulf Cooperation Council states, just as many of them are attempting to diversify towards a post-oil future
They're ditching farming as their children drop out of school. Will there still be Filipino rice farmers left in this new decade?
The award is proof that the Philippines, while a developing country, is investing in metrology
There’s a lot to be thankful for in the 2010s when more Filipinos became more prosperous and healthy, so much so that the 2010s might be considered our economy’s true 'golden age.'