economy - updates

Rappler's latest stories on economy

ARTICLE FINDER

Where do leading Senate bets stand on key economic issues?

May 11, 2019 - 2:16 PM

(UPDATED) We track both their track record and statements

U.S.-China trade talks resume; Trump says deal still 'possible'

May 10, 2019 - 7:30 AM

US and Chinese representatives return to the bargaining table amid a sudden flare-up in hostilities, while President Donald Trump is still hopeful of salvaging a trade deal

Chinese Vice Premier Liu He waves as he leaves the Office of the United States Trade Representative after tariff negotiations in Washington DC on May 9, 2019. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

EXPLAINER: What's in it for us if the PH has good credit ratings?

May 09, 2019 - 1:54 PM

The Philippines has its highest credit rating to date. But what does that mean for Filipinos?

[ANALYSIS] Duterte a ‘competent’ economic manager? Not so fast

May 09, 2019 - 12:34 PM

To thank Duterte for his 'political will and decisive action' on inflation is like thanking an arsonist for putting out a fire he created in the first place

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

Rappler Talk: JC Punongbayan on PH economy and 2019 elections

May 08, 2019 - 6:26 PM

Tune in on Wednesday, May 8, as Rappler sits down with economist and columnist JC Punongbayan to discuss the Philippines' economic issues and how candidates are proposing to fix these problems

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

Inflation again settles within target at 3% in April 2019

May 07, 2019 - 9:03 AM

(4th UPDATE) As inflation eases further in April, analysts are looking at whether the Bangko Sentral ng Pilipinas will cut the benchmark interest rate or the reserve requirement ratio

Vegetables at the Commonwealth Public Market on Sunday, April 28, 2019. Photo by Darren Langit/Rappler

U.S. Federal Reserve leaves key rate unchanged amid mixed economic signals

May 02, 2019 - 5:25 PM

The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%

Federal Reserve Board Chair Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May1, 2019. - The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. (Photo by MANDEL NGAN / AFP)

Italy emerges from recession in 1st quarter of 2019

Apr 30, 2019 - 7:18 PM

The return to slender growth is heralded by surprisingly positive industrial output figures in January and February after 4 months of contraction

ITALY. Italy is Europe's second largest manufacturer and was the only European Union member in recession. Turin, Italy image via Shutterstock

S&P upgrades Philippine credit rating to BBB+

Apr 30, 2019 - 6:45 PM

(UPDATED) S&P upgrades the credit rating of the Philippines to BBB+ with a positive outlook on the back of the country's strong economic growth

Northern Mindanao economy grows to 7% in 2018

Apr 26, 2019 - 8:54 AM

Together with the prosperity, poverty incidence in the region also dipped to 25% from 35% in 2017

Bicol posts fastest economic growth among regions in 2018

Apr 25, 2019 - 9:55 PM

Bicol posts an impressive 8.9% growth in 2018, much higher than the national average of 6.2%

FASTEST GROWTH. Bicol Region registers the fastest GDP growth among all regions in the country. Shutterstock photo

Fitch cuts Philippine economic growth forecasts for 2019, 2020

Apr 24, 2019 - 9:10 PM

Fitch Ratings says the delayed passage of the 2019 budget, aggressive interest rate hikes, and the US-China trade war will weigh on the Philippines' economic growth

Inflation nightmare returns to haunt Zimbabwe

Apr 21, 2019 - 9:50 PM

Prices of goods and services in Zimbabwe are skyrocketing at rates unseen in a decade. 'It's a miracle how people are surviving,' says a resident.

Emily Maphosa, 78, cooks on March 2, 2019 at her home in Emakhandeni Bulawayo. - For years now Maphosa has been ordering most her groceries from South Africa using the service of informal couriers. Items are loaded in Johannesburg onto trailers attached to minibuses which make the 550 kilometres (340 miles) journey north to the border of Zimbabwe, where economic situation has dramatically deteriorated, pushing inflation above 50 percent, and shortages of household essentials have become widespread. (Photo by ZINYANGE AUNTONY / AFP)

Philippine exports drop, imports rise in February 2019

Apr 11, 2019 - 12:35 PM

(UPDATED) The Philippines' balance of trade in goods increased to a $2.79-billion deficit, from a $2.54-billion deficit year-on-year

IMF cuts global growth estimate to 3.3% as world economy loses steam

Apr 09, 2019 - 9:23 PM

The IMF's World Economic Outlook once again downgrades global growth to 3.3% for 2019, two tenths lower than the global crisis lender forecast in January and 4 tenths lower than October

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. File photo by Jim Watson/AFP

Swedish firms bullish on Philippines, but frown on red tape

Apr 08, 2019 - 4:45 PM

Swedish firms doing business in the Philippines expect double-digit growth in the next 3 years, but also note that doing business in the country 'is not easy'

Inflation eases further to 3.3% in March 2019

Apr 05, 2019 - 9:05 AM

(4th UPDATE) Inflation again slows down in March. Will the central bank now cut interest rates?

Philippine economy may be one of few winners in 2019 regional slowdown

Apr 03, 2019 - 3:40 PM

The Asian Development Bank trims its 2019 growth prospects for the Philippines, but expects it to be among the few countries which may beat their 2018 figures


'Precarious' global rebound expected in late 2019 – IMF's Lagarde

Apr 03, 2019 - 1:15 PM

International Monetary Fund Managing Director Christine Lagarde says the world economy is vulnerable to shocks from Brexit, high debt levels, and trade tensions

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the US Chamber of Commerce April 2, 2019, in Washington, DC. - Global growth in 2019 should be even slower than previously expected but a "precarious" rebound is likely later this year, the head of the International Monetary Fund said Tuesday. In a speech ahead of next week's spring meetings with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets. (Photo by Brendan Smialowski / AFP)

[ANALYSIS] How the Marcos-World Bank partnership brought PH economy to its knees

Apr 02, 2019 - 9:15 AM

The World Bank provided dictator Ferdinand Marcos a curtain of international legitimacy behind which he and his cronies plundered the public till

World Bank cuts 2019 Philippine growth outlook again

Apr 01, 2019 - 2:30 PM

The World Bank says the Philippines' delayed 2019 budget and El Niño are likely to hurt economic growth

Eurozone 'not resilient enough' to weather another economic crisis – IMF chief

Mar 28, 2019 - 9:33 PM

IMF Managing Director Christine Lagarde says the currency union 'is not resilient enough' to emerge unscathed from 'unexpected economic storms'

LAGARDE. International Monetary Fund chief Christine Lagarde in Frankfurt am Main, Germany, April 5, 2016. File photo by Daniel Roland/AFP

Apple's Tim Cook urges China to continue to open up its economy

Mar 23, 2019 - 6:28 PM

'We see that as essential not only for China to reach its full potential, but also for the global economy to thrive,' Tim Cook says

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

UK slashes 2019 economic growth forecast – budget

Mar 13, 2019 - 10:31 PM

The UK economy is forecast to grow by 1.2% in 2019, sharply down on the government's prediction of 1.6% in October 2018

UK ECONOMY British Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street in London, November 23, 2016. File photo by Ben Stanstall/AFP

Budget fiasco pushes economic team to lower growth target

Mar 13, 2019 - 7:44 PM

The government was optimistic that economic growth could hit 7% to 8%. Now, that lower-end figure is now the highest target.

Turkey tumbles into recession as polls loom

Mar 11, 2019 - 6:42 PM

The flagging economy coupled with a currency crisis last year are sensitive issues for President Recep Tayyip Erdogan and his ruling Justice and Development Party before the vote on March 31

TURKEY. Skyscrapers are pictured at the financial and business district Maslak on August 15, 2018 in Istanbul. File photo by Ozan Kose/AFP

The mind distracted: technology's battle for our attention

Mar 07, 2019 - 2:13 PM

There is a growing demand for socially responsible approaches to digital design and user experience

OECD cuts global growth forecast over trade, Brexit uncertainty

Mar 06, 2019 - 6:40 PM

(UPDATED) The Organisation for Economic Co-operation and Development lowers its forecast to 3.3% for this year, down from the 3.5% it predicted in November

FORECAST. The Organisation for Economic Co-operation and Development cuts its global growth forecast for this year to 3.3%. Image via Shutterstock

Finally! Inflation in February 2019 falls within target at 3.8%

Mar 05, 2019 - 9:04 AM

(3rd UPDATE) Metro Manila sees its lowest inflation rate in 18 months. All other regions also exhibit slower inflation rates.

9 reasons why the Philippines is ripe for business in 2019

Feb 27, 2019 - 8:30 PM

After missing their growth targets in 2018, the country's economic managers are upbeat that the economy will be better this time around

Philippine exports, imports nosedive in December 2018

Feb 12, 2019 - 4:05 PM

The Philippine Statistics Authority says both imports and exports shrank in December 2018. Overall, the country's trade gap is now at its widest in history.

UK posts slowest growth in 6 years as Brexit looms

Feb 11, 2019 - 8:32 PM

(UPDATED) Researchers at the IWH Institute in Halle, eastern Germany say a no-deal Brexit could put 600,000 jobs around the world at risk, with Germany the hardest hit

UK ECONOMY. The skyline of the City of London is pictured on the horizon as people relax in Greenwich park in south-east London on June 26, 2016. File photo by Odd Anderson/AFP

Approved investments hit P97.9 billion in January 2019

Feb 11, 2019 - 12:40 PM

Trade Secretary Ramon Lopez says the Board of Investments is off to a good start in its attempt to hit P1 trillion in approved investments for 2019

IMF warns of global economic 'storm' as growth undershoots

Feb 10, 2019 - 11:00 PM

'The bottom line – we see an economy that is growing more slowly than we had anticipated,' says International Monetary Fund Managing Director Christine Lagarde

Christine Lagarde (R) , Managing Director and Chairwoman of the International Monetary Fund, speaks to journalist Richard Quest, during the opening session of the World Government Summit in Dubai, on February 10, 2019. (Photo by KARIM SAHIB / AFP)

Media made inflation worse? Economic team never flagged it until now

Feb 06, 2019 - 4:05 PM

Rappler reviews statements of the government's economic team and finds that they never mentioned media reports among the factors which aggravated inflation in 2018

Transparency International slams 'mysterious' Eurogroup

Feb 05, 2019 - 7:06 PM

'For an institution whose decisions have had an impact on the lives of millions of Europeans, there is much about the Eurogroup that is mysterious,' Transparency International says in its report

Inflation slows down further to 4.4% in January 2019

Feb 05, 2019 - 9:01 AM

(UPDATED) The latest inflation figure is closer to the government's target range of 2% to 4%

Feeling the inflation pinch, Filipinos hold back on spending

Feb 04, 2019 - 1:32 PM

TheNerve’s survey results show Filipinos feeling financially worse off in 2018

Eurozone equities falter as Italy enters recession

Feb 01, 2019 - 12:03 AM

In Italy, official data shows it shrank 0.2% in the final quarter of last year after a 0.1% drop in the third quarter. The technical definition of a recession is economic contraction for two quarters in a row.

Reenacted budget for entire 2019? Bad news for economy

Jan 30, 2019 - 5:00 PM

Senate President Vicente Sotto III is proposing a reenacted budget for the whole year, but this would threaten the Philippines' economic growth

Businesses struggle as cracks appear in China's economy

Jan 27, 2019 - 9:30 PM

Private businesses face new hurdles as costs rise and financing becomes harder to come by

This photo taken on January 22, 2019 shows a sales representative waiting for customers in a luxury car showroom in Beijing. - Cracks are opening in China's mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs.The world's second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. (Photo by GREG BAKER / AFP)

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

Creation of Bangsamoro region to spur economic growth – NEDA

Jan 22, 2019 - 7:05 PM

Socioeconomic Planning Secretary Ernesto Pernia expects the proposed Bangsamoro Autonomous Region in Muslim Mindanao to boost infrastructure and investments

Inflation was a big story, but many had no idea what it meant

Jan 21, 2019 - 5:37 PM

Try out our inflation calculator to finally understand the jargon and how it affects you

China's economy grew at slowest pace in 28 years in 2018

Jan 21, 2019 - 12:12 PM

The 6.6% growth is above the official target of around 6.5%, but is down from the 6.8% chalked up in 2017, according to the National Bureau of Statistics

This photo taken on April 9, 2018 shows workers transferring soybeans at a port in Nantong in China's eastern Jiangsu province. President Xi Jinping vowed on April 10 to take new steps to open China's economy "wider and wider" amid a broiling trade confrontation with the United States. / AFP PHOTO / - / China OUT

Elections, infra push to boost PH economy in 2019 – First Metro

Jan 15, 2019 - 7:10 PM

First Metro Investment Corporation expects economic growth and lower inflation, but a weaker peso in 2019