gross domestic product Philippines - updates

Rappler's latest stories on gross domestic product Philippines

ARTICLE FINDER

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

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

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

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

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

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

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

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

#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.

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

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

ADB retains PH growth outlook, sees no signs of economy overheating

Sep 26, 2017 - 8:15 PM

The Asian Development Bank retains its forecast of 6.5% GDP growth for 2017 and 6.7% for 2018, while noting that infrastructure investment and receding inflation will fuel the economy

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, 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

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

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

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

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

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

Moody's lowers Philippine GDP forecast for Q4 2015

Jan 22, 2016 - 4:36 PM

Moody s Analytics says strong growth in services including BPO is helping offset weakness in exports from sluggish global demand and in agriculture

SLOWER GROWTH. The slash in GDP growth projection is due to slowing export growth, fiscal underspending, and the impact of the El Niño-related dry spell on agricultural production

Filipino consumers more pessimistic in Q2 2015

Jun 12, 2015 - 1:36 PM

Filipinos however expect to save and spend more in the second quarter than the first 3 months of the year the BSP says

PH to miss 2015 GDP growth target – economists

May 28, 2015 - 8:11 PM

UPDATED Economists say the Q1 2015 GDP letdown only shows that government needs to accelerate public spending and grow other sectors

PH GDP growth slows to 3-year low: 5.2% in Q1 2015

May 28, 2015 - 10:09 AM

4th UPDATE The Philippines first quarter gross domestic product growth is below government and market expectations

Spend on infrastructure to break PH growth ceiling – World Bank

Feb 02, 2015 - 3:23 PM

Increasing excise tax in gasoline plus taking advantage of the current oil price drop could help the country raise revenues for infrastructure spending

ADB cuts 2014 PH growth forecast to 6%

Dec 17, 2014 - 4:22 PM

In its latest report the regional lender reduces the growth forecast due to the country s laggard economic performance in the first 9 months of 2014

PH economy picks up steam in 2nd quarter

Aug 28, 2014 - 10:06 AM

Philippine growth accelerates to 6 4 from the revised 5 6 in the first quarter of the year

World Bank sees 'flat' growth for developing countries

Jun 11, 2014 - 10:58 AM

The outlook marks the third year in a row of sub 5 growth reflecting a more challenging post crisis global economic environment

CRISIS EFFECT. Leading economic policymakers meeting in Washington voiced worry that the Ukraine crisis could hurt the world economy. File Photo by Alexander Khudoteply/AFP

Philippine growth slows to 5.7% in Q1

May 29, 2014 - 10:07 AM

2nd UPDATE The country is still feeling the lingering effects of disasters that hit last year

Debt-to-GDP ratio continues downtrend: 39.2% in 2013

May 02, 2014 - 4:47 PM

The DOF says the continuing trend of decreasing debt to GDP ratio shows the government s will to ensure sustained fiscal space in the medium term

ADB: PH to grow below 2014, 2015 targets

Apr 01, 2014 - 1:56 PM

The lender says growth will be tempered by rising inflation and interest rates

Gov't: PH grew 6.9% in Q3, not 7%

Jan 29, 2014 - 6:14 PM

Third quarter 2013 GDP data were revised ahead of the announcement of economic data for the succeeding quarter

PH to grow above 6% until 2015 –UN report

Jan 21, 2014 - 12:28 PM

Reconstruction efforts in typhoon stricken areas will help spur growth

STAYING STRONG. UN releases a report projecting robust growth for the Philippines until 2015

PH sees high growth despite typhoon

Dec 17, 2013 - 5:04 PM

While losses in agriculture caused by Super Typhoon Yolanda Haiyan are expected to hit growth in the near term rebuilding will likely make up for it further down the line

Philippine Q3 GDP growth is slower than the growth rates recorded in Q1 and Q2

Haiyan to cap PH 2013 growth at 7%

Nov 28, 2013 - 2:09 PM

Damage from the November 8 typhoon will cut GDP growth in October December period by 0 3 to 0 8 percentage points says the socioeconomic planning chief

Philippine Q3 GDP growth is slower than the growth rates recorded in Q1 and Q2