PH economy expected to grow faster in 2025

Ian Nicolas P. Cigaral, Meg Adonis 02/27/2025

MANILA, Philippines — The country’s economy may grow faster this year than in 2024, boosted by election-related spending. However, a global trade war could slow growth below the government’s target. Angelo Taningco, chief economist at Security Bank…

PH likely misses GDP target in 2024 amid late-season storms

Ian Nicolas P. Cigaral - @inquirerdotnet 01/27/2025

The country’s gross domestic product (GDP), which measures the total value of goods and services produced, likely grew by 5.8% in the fourth quarter, based on the median forecast of 12 economists surveyed by the Inquirer. Economic…

Moody’s: Infrastructure push to bolster PH economic growth

Ian Nicolas P. Cigaral - @inquirerdotnet 08/26/2024

Moody’s Analytics said the government’s strong push to upgrade the Philippines’ infrastructure will help the economy maintain high growth, despite some uneven progress over the past year. The agency kept its GDP growth forecast for the Philippines…

PH economy grows 6.2% in Q2, buoyed by gov’t spending, strong investments

Mariedel Irish U. Catilogo 08/09/2024

The Philippine economy grew by 6.3 percent in the second quarter, thanks to increased government spending and strong investments, which helped counter the effects of high consumer prices on household spending. This growth is an improvement from…

Easing inflation, election spending seen to drive economic growth in Q2

Mariedel Irish U. Catilogo 07/22/2024

The Philippine economy may grow by 7.1 percent in the second quarter due to easing inflation and mid-term election spending, the Bank of the Philippine Islands’ (BPI) lead economist said. This exceeds the government’s annual growth target…

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…

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