Philippine economy expands 5.7% in Q1

Ian Nicolas P. Cigaral - @inquirerdotnet 05/09/2024

MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s…

PH economy seen to accelerate in 2024 but faces high inflation, El Niño-driven risks

Ian Nicolas P. Cigaral 04/29/2024

The Philippine economy is expected to grow faster this year, but it might not reach the government’s target due to the impact of the El Niño climate phenomenon on food supply and the risk of high inflation.…

CV records ‘fastest growing economy’ among all regions in PH

Niña Mae C. Oliverio 04/25/2024

CEBU CITY, Philippines — Central Visayas has bested the 17 regions in the country after being named the “fastest-growing” economy based on the 2023 data of the Philippine Statistics Authority (PSA). It also remained the fourth-largest contributor…

Creative economy contributes P1.72 trillion to GDP in 2023

Ian Nicolas P. Cigaral 03/22/2024

MANILA, Philippines — The local creative economy surged ahead in 2023, surpassing national output growth to reach a total value of P1.72 trillion. This sector not only generated more jobs but also made a significant contribution to…

PH economy to grow 6.2% in ’24 buoyed by strong consumer spending

Ian Nicolas P. Cigaral 02/05/2024

The Philippines’ consumption-driven economy is expected to benefit from a mix of lower inflation and a strong job market, according to BMI, a unit of the Fitch Group. Using 2010 as the base year, BMI is projecting…

Marcos faces economic setback: 2023 growth plummets to lowest levels since 2011 

Ian Nicolas P. Cigaral 02/01/2024

MANILA, Philippines —The Marcos administration fell short of its growth goal last year due to significant inflation, resulting in a 5.6 percent gross domestic product (GDP) growth in 2023. This marked a slowdown from the 7.6 percent…

Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief

Ian Nicolas P. Cigaral 01/29/2024

INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near…

GDP seen to grow below gov’t target in 2024 despite revenge spending boost

Ian Nicolas P. Cigaral 01/12/2024

MANILA, Philippines — Analysts from First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) predict that despite revenge spending boosting the economy, growth is unlikely to reach the lower end of the Marcos…

The economy’s backbone

Cielito F. Habito - @inquirerdotnet 04/04/2023

Over the years, I have described agriculture as the economy’s backbone. While I believe this to be true nearly everywhere, it’s more especially so for the Philippine economy. Many might find it hard to agree, especially considering…

‘Provincializing’ agriculture

Cielito F. Habito - @inquirerdotnet 02/28/2023

You know agriculture is in great trouble when so many op-ed columns are being written on the sector, even from writers who don’t normally deal on the subject. The attention is well deserved, as I consider agriculture…

Creative lessons from Korea

Cielito F. Habito - @inquirerdotnet 02/21/2023

It seems hard to believe now, but Filipinos on the average were twice richer than South Koreans back in 1965. Data from countryeconomy.com show average income (GDP per capita) in the Philippines then at $211, and $108…

PiTiK-testing the economy

Cielito F. Habito - @inquirerdotnet 11/15/2022

Last week brought welcome news on the economy, as the Philippine Statistics Authority reported that our gross domestic product (GDP) in the third quarter grew by 7.6 percent over the same quarter last year. Many argue that…

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.