Philippines further lowers growth forecast for 2021 World

Philippines further lowers growth forecast for 2021

The Philippine government on August 18 revised its economic growth projection for 2021 from 6-7 percent to 4-5 percent due to the re-imposition of lockdown in Metro Manila to curb the spread of COVID-19 in the country, Xinhua news agency reported.
Philippines posts highest inflation since March 2019 World

Philippines posts highest inflation since March 2019

The Philippines saw a year-on-year inflation rate of 3.5 percent in December 2020, up from 3.3 percent in the previous month, driven by price hikes in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said.
Philippine economy predicted to face recession World

Philippine economy predicted to face recession

The Philippines’ gross domestic product (GDP) will likely shrink by 5.7-6.7 percent in the second quarter of 2020, much higher than the 0.2 percent contraction in the first quarter, according to Governor of the Bangko Sentral ng Pilipnas (BSP) Benjamin Diokno.
IMF cuts growth forecast for Philippines World

IMF cuts growth forecast for Philippines

The International Monetary Fund (IMF) has further slashed its economic growth forecast for the Philippines for 2019 and 2020 to 5.7 percent and 6.2 percent, respectively, as the economy slowed down in the second quarter and external environment worsens.
Philippines enjoys 5.1 percent rise in trade in May ASEAN

Philippines enjoys 5.1 percent rise in trade in May

The Philippines' total external trade in goods in May reached 15.22 billion USD, up 5.1 percent from 14.48 billion USD recorded in the same month last year, according to the Philippine Statistics Authority (PSA).