phil02
Read More

IMF slashes Philippines growth forecasts

MANILA, Philippines — The International Monetary Fund sees the Philippines’ real gross domestic product (GDP) growing by 6.5 percent in 2022, but slowing to five percent in 2023 as global shocks weigh on the economy in the coming months, according to  IMF mission head Cheng Hoon Lim. “The Philippines has successfully emerged from one of […]

Read More
phil01
Read More

Philippines: Rate hikes likely to continue

MANILA, Philippines — The research units of Fitch and Moody’s Groups sees the Bangko Sentral ng Pilipinas (BSP) delivering more rate hikes until December to tame inflation and stabilize the peso. In a report, Fitch Solutions Country Risk & Industry Research said the BSP is expected to hike in tandem with the US Federal Reserve […]

Read More
phil05
Read More

IMF cuts 2022, 2023 growth forecast for Philippines

THE International Monetary Fund (IMF) on Monday (Sep 26) slashed its growth forecasts for the Philippines for this year and next to reflect the impact of a global economic slowdown and tightening financial conditions. The IMF said economic growth in the South-east Asian country this year would hit 6.5 per cent, weaker than its previous […]

Read More