But UK think tanks not so bullish for 2023 MANILA, Philippines — The Philippine economy is expected to grow by more than seven percent this year after roaring back in the third quarter despite soaring inflation and rising interest rates, economists said. DBS Bank Ltd. of Singapore raised its 2022 gross domestic product (GDP) growth […]
Read MoreMANILA, Philippines — The Philippine economy grew at a faster than expected pace in the third quarter despite high inflation, placing it on track to achieving this year’s growth target. In a press briefing yesterday, National Statistician Dennis Mapa said the economy as measured by the gross domestic product (GDP) grew by 7.6 percent in […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDI) continued to decline, even though it hit a four-month high of $797 million in August, due to global headwinds caused by monetary policy tightening to fight soaring inflation, data released by the Bangko Sentral ng Pilipinas (BSP) showed. The August inflow was the highest […]
Read MoreMANILA, Philippines — The share of national debt to the country’s output has jumped to 63.7 percent, the highest rate in 17 years, putting extra pressure on the need for more robust economic growth to help shrink ballooning obligations amid higher commodity prices and interest rates. Data from the Bureau of the Treasury showed that […]
Read MoreTHE Philippine economy grew faster than expected in the third quarter, boosting the case for the central bank to tighten monetary policy further to contain inflation amid a sustained demand recovery. Gross domestic product (GDP) rose 7.6 per cent in the three months through September from a year ago, the Philippine Statistics Authority reported on […]
Read MoreMANILA, Nov 10 ― Philippine economic growth beat expectations in the third quarter despite soaring inflation, officials said today, spurred by an increase in household spending as people get back to “pre-pandemic life”. Gross domestic product rose 7.6 per cent, beating expectations of 6.3 per cent as well as the seven percent growth seen in […]
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