GDP. gross domestic product - updates

Rappler's latest stories on GDP. gross domestic product

ARTICLE FINDER

Philippine economy to lose up to P1.96 billion over Boracay closure

Apr 24, 2018 - 4:10 PM

Socioeconomic Planning Secretary Ernesto Pernia says the growth rates of Western Visayas 'will be trimmed'

ECONOMIC IMPACT. Upon the orders of President Rodrigo Duterte, Boracay Island will be closed to tourists for 6 months starting Thursday, April 26. Photo by Angie De Silva/Rappler

Philippines in 'golden age' of growth – ADB

Apr 11, 2018 - 1:21 PM

The Asian Development Bank projects the Philippine economy to grow by 6.8% in 2018 and 6.9% in 2019

ADB Asian development outlook 2018

PH can become upper middle income country by 2019 – NEDA

Apr 03, 2018 - 4:20 PM

'Our target to become an upper middle income country is in 2022. But we think we will get to that stance much earlier,' says National Economic and Development Authority Undersecretary Rosemarie Edillon

6-month Boracay closure to have minimal impact on economy – NEDA

Apr 03, 2018 - 12:24 PM

A National Economic and Development Authority official says the proposed 6-month shutdown of Boracay will 'only have 0.1% impact' on the country's gross domestic product growth

NO SIGNIFICANT IMPACT. National Economic and Development Authority says the planned temporary closure of Boracay will not have a significant impact on the country's economic growth. Photo from Wikimedia

Philippine economy likely to grow above 7% in Q1 2018 – First Metro, UA&P

Apr 02, 2018 - 2:40 PM

Higher jobs created, foreign direct investments, and manufacturing output, among others, point to a stronger gross domestic product growth for the Philippines

Mayon Volcano eruption, 2017 GDP growth, Facebook on democracy | Midday wRap

Jan 23, 2018 - 12:32 PM

Watch the midday newscast with Gelo Gonzales

Philippine economy to grow fastest in ASEAN-5 in 2018 - First Metro

Jan 04, 2018 - 4:06 PM

The Philippine economic growth is seen to be driven by the revival in manufacturing, consumption spending, stable remittances from overseas Filipinos, and tourism boom

ADB upgrades Philippine GDP growth forecast for 2017, 2018

Dec 13, 2017 - 4:30 PM

The outlook of the Asian Development Bank 'assumes that growth in the government's infrastructure program will accelerate'

PH GDP Growth, Mocha on Trudeau, Duterte and Li | Midday wRap

Nov 16, 2017 - 12:33 PM

Watch the midday newscast with Marguerite de Leon

Achieving peace in Mindanao key to PH economic growth – World Bank

Oct 05, 2017 - 8:30 PM

The World Bank says long-standing armed conflict in Mindanao makes it challenging to unlock the growth potential of the region, which is a major source of agricultural products

UNLOCKING MINDANAO. World Bank says increasing productivity in Mindanao could reduce prices for food and other goods across the country and improve the competitiveness of the agriculture sector. Rappler graphics by Raffy De Guzman

World Bank cuts Philippine GDP forecast again

Oct 04, 2017 - 9:05 PM

The World Bank's new projections are 6.6% for 2017 and 6.7% for 2018, down from the previous forecasts of 6.8% and 6.9%, respectively

Credit Suisse expects slower PH GDP growth in Q2

Aug 11, 2017 - 1:38 PM

The Philippines GDP growth has been on the downtrend since the 4th quarter of 2016

ON A DOWNTREND. Credit Suisse expects Philippine economic growth to be on a downtrend. Rappler photo

IMF cuts 2017, 2018 Philippine GDP forecasts

Aug 09, 2017 - 2:25 PM

The multilateral lender cuts its Philippine economic growth forecast to 6 6 for 2017 and 6 8 for 2018 but remains optimistic about the country s economy

REMAINS OPTIMISTIC. Despite a downgrade in forecasts, International Monetary Fund says it is still 'very optimistic about growth in the Philippines.' Rappler file photo

Standard Chartered cuts Philippine GDP forecast

Aug 01, 2017 - 8:05 PM

The bank slashes its forecast to reflect the disappointing GDP expansion in the 1st quarter of the year which was largely due to weak investment growth

STILL FASTEST? The projected GDP growth for the Philippines this 2017 would be faster than Stanchart's 2017 outlook for Vietnam (6.4%), Indonesia (5.2%), Malaysia (4.6%), Thailand (3.5%), Singapore (2%), and Taiwan (1.9%). Rappler file photo

PH 2016 growth upgraded to 6.9%

Apr 07, 2017 - 7:04 PM

The major contributors for the upward revision in 2016 were Construction Mining and Quarrying and Other Services says the Philippine Statistics Authority

Can conglomerates foster inclusive development in PH?

Apr 03, 2017 - 10:00 AM

The country faces a dilemma in development as it strives to achieve growth and progress amid distress and poverty

DILEMMA. The Philippines is one of the fastest growing economies despite having the third highest poverty incident rate in ASEAN.

Filipino consumers less optimistic in Q1

Mar 25, 2017 - 7:47 PM

Based on the results of the 1st Quarter Consumer Expectation Survey the consumer confidence index slipped to 8 7 from a record high 9 2 in the fourth quarter of 2016

The latest BSP Consumer Expectation Survey reported lower consumer confidence levels for all 3 readings of the current quarter, next quarter, and coming year.

PH seen to remain fastest-growing economy in ASEAN-6 for 2017

Jan 25, 2017 - 6:35 PM

But the country s economic growth is expected to slow down from 2018 to 2020 with Vietnam likely to outpace the Philippines

SUNNY OUTLOOK. Higher infrastructure spending and robust OFW remittances will be among the main drivers of Philippine economy in 2016 and 2017, economists say

World Bank expects strong growth for PH until 2018

Dec 15, 2016 - 4:55 PM

The global institution sees 6 8 growth this year 6 9 next year and 7 0 in 2018 due to expected infrastructure upgrades and high confidence among consumers and investors

A bird's eye view of two buildings under construction in Manila on November 17, 2016. The Philippines became developing Asia's fastest-growing major economy in President Rodrigo Duterte's first three months in office, officials said on November 17, even as his fiery rhetoric hit the peso and stock prices. / AFP PHOTO / TED ALJIBE

Economists see PH on higher growth track for Q4 and 2017

Nov 20, 2016 - 6:25 PM

The Christmas season is expected to boost consumption and set up the economy for a strong finish to the year despite market and peso worries

Rodrigo Duterte, PH economy, United States | 6PM wRap

Nov 17, 2016 - 7:06 PM

Watch the 6PM newscast with Chay Hofileña

PH GDP, Zika cases, fake news | 12PM wRap

Nov 17, 2016 - 12:52 PM

Watch the 12PM newscast with Mara Cepeda

PH GDP grows by 7.1% in Q3 2016

Nov 17, 2016 - 10:05 AM

The Philippines is the fastest growing among major Asian emerging economies that have already released data for the quarter says NEDA

Economists upbeat on PH prospects for 2nd half of 2016

Aug 21, 2016 - 8:50 PM

The Philippine economy is firing on all cylinders but economists say boosting spending is as critical as ever

Strong Q2 showing maintains pace for more inclusive growth – DOF

Aug 18, 2016 - 7:00 PM

We expect to continue this growth trajectory but with a difference from the previous administration because we will be reducing poverty rates says Finance Secretary Carlos Dominguez III

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

China's total debt is more than double GDP – gov't economist

Jun 16, 2016 - 7:15 PM

China s borrowings hit 168 48 trillion yuan 25 6 trillion at the end of 2015 equivalent to 249 of GDP according to Li Yang

epa05259576 A Chinese construction worker sits in front of a billboard displaying the China Central Television (CCTV) Tower outside a construction site in Beijing, China, 15 April 2016. China's economic growth slowed to 6.7% in the first quarter of the year compared to the same period last year, according to Gross Domestic Product (GDP) figures released by the government on 14 April. EPA/HOW HWEE YOUNG

Economists maintain 2016 growth projections despite strong start

May 23, 2016 - 4:00 PM

Growth is expected to slow in the second half of the year as the Philippines transitions to a new president and faces global headwinds

PH GDP grows 6.9% Q1 2016

May 19, 2016 - 10:05 AM

3rd UPDATE This makes the Philippines the fastest growing economy in the region ahead of regional giant China

World Bank maintains PH 2016 growth forecast at 6.4%

Jan 07, 2016 - 4:13 PM

While unchanged the World Bank s forecast for the Philippines this year is below the government s growth target of 7 8

LOWER FORECAST. For 2015, the World Bank projects that the country grew by 5.8%, which is below the National Economic and Development Authority's full-year goal of 6%. File image from the World Bank website

PH peso to weaken P48.80:$1 in 2016 – ING Bank

Jan 05, 2016 - 3:00 PM

The peso is seen to depreciate further by 3 4 this year after shedding 5 2 against the greenback in 2015 an economist from ING Bank Manila says

FORECAST. ING Bank Manila's exchange rate forecast is more bearish than the consensus of Bloomberg that expects the Philippine peso weakening by 1.8% to P47.90 to $1 in 2016.

Thailand hoping to attract wealthier travelers

Dec 25, 2015 - 3:50 PM

The backpacking destination is targeting women luxury holiday makers and sports tourists luring them to stay longer and spend more money

TOURISM. The vital tourism industry remains one of the few economic bright spots in Thailand following a year in which the junta-led government has struggled to kick start the kingdom's stumbling economy. File image of Pattaya from Wikipedia

Foreign direct investments seen to hit $6.3B in 2016

Dec 22, 2015 - 4:24 PM

BSP also sees FDI inflows rising to 6B this year on the back of the country s sustained economic growth

BULLISH. The bullish business confidence is expected to support the continued entry of foreign direct investments, despite the fact that the global financial environment is expected to remain volatile. File photo

Business in PH: The winners and losers in 2015

Dec 21, 2015 - 12:45 AM

With big ticket events like the visit of Pope Francis and the Asia Pacific Economic Cooperation APEC summit there were business sectors that gained and lost in 2015

SET TO LEAD. The Philippine economy is ready for take-off and the country needs a leader who continue reforms, implement inclusive growth initiatives and inspire the nation to be united in moving forward

Moody's retains credit rating, stable outlook for PH

Dec 14, 2015 - 7:55 PM

The debt watcher keeps its Baa2 rating for the country on a stable outlook

RETAINED. Moody’s retained its credit rating and outlook for the country. it upgraded the country’s credit rating to Baa2 – a notch above the minimum investment grade – with a stable outlook in December 2014.

ADB trims 2015 PH growth forecast to 5.9%

Dec 03, 2015 - 8:05 PM

The Asian Development Bank slightly revises its forecast due to the massive exports drop in the last 3 quarters of 2015

FORECASTS. The ADB's growth forecast for the Philippines next year is maintained though at 6.3%, despite trimming 2015's forecast to 5.9%. File photo from EPA

'Stellar' PH GDP growth in Q3 if not for exports drop – DBS Bank

Nov 27, 2015 - 6:14 PM

DBS Bank Ltd of Singapore says the Philippine economy could have expanded by as much as 8 in the third quarter if not for the massive exports drop caused by weaker global demand

DROP. “It is interesting to note that, taking net exports out of the equation, GDP growth would have been a stellar eight percent, the fastest since early-2013,” DBS says. Image from Shutterstock

6.9% Philippine GDP growth in Q4 unlikely – economists

Nov 26, 2015 - 6:27 PM

UPDATED Top economists give their take on the slower than expected Philippine economic growth

PH GDP grows 6% in Q3

Nov 26, 2015 - 11:05 AM

2ND UPDATE The country’s GDP growth in the previous quarter was the third fastest in the region after China’s 6 9 and Vietnam’s 6 8

PH GDP Q2 growth revised to 5.8%

Nov 26, 2015 - 9:33 AM

The upward revision from 5 6 is due to other services; trade and repair of motor vehicles motorcycles personal and household goods; and construction

PH growth picks up in Q3 - ING Bank

Nov 25, 2015 - 3:53 PM

The bank says the country s growth in the previous quarter exceeds expectations thanks to accelerated government spending

GROWTH. The Manila office of the Dutch financial institution says the third quarter growth accelerates on the back of increased government spending. Image from ING Bank Flicker account

Moody's: PH banks 'stable' for next 12-18 months

Nov 24, 2015 - 6:02 PM

The credit expansion of Philippine banks is expected to remain brisk at 14 16 for the period says Moody s

STABLE. Simon Chen, vice president and senior analyst at Moody’s, says the Philippine banking system is expected to benefit from the country’s steady domestic economic growth, stable asset quality, and strong funding and liquidity profiles. Image from Shutterstock

Over 1M jobs in Metro Cebu by 2050 under roadmap – JICA study

Nov 03, 2015 - 6:19 PM

The full implementation of the Metro Cebu Roadmap is also expected to grow the area s gross domestic product GDP per capita to more than 20 000 by 2050 almost the same level as South Korea in 2010 according to a JICA study

METRO CEBU ROADMAP. “We hope that the Philippine government will approve the roadmap in the same way that they supported the Infrastructure Roadmap for Mega Manila,” JICA Chief Representative in the Philippines Noriaki Niwa says. Image from Shutterstock

Inflation eases further in Q3 – BSP

Oct 23, 2015 - 8:52 PM

UPDATED Inflation the rate at which prices of goods and services rise continues to dip thus bringing the year to date average inflation to 1 6

RISKS. A stock investor sits in front of an electronic screen showing stock price at a brokerage house in Beijing, China on July 6, 2015. PH's central bank says the slowdown in the Chinese economy and from uncertainty surrounding the US interest rate lift-off drive up risk aversion and the search for safe-haven assets. File Photo by EPA / Wu Hong

PH peso pierces back to P45:$1 level

Oct 09, 2015 - 8:04 PM

PH peso closes at P45 87 to 1 October 9 the first time in nearly 2 months since the yuan devaluation and imminent US Fed interest rate hike

The Philippne peso on Friday, October 9 gained 24 centavos and pierced the P45 to $1 level. Stitched images from Shutterstock

ING Bank forecasts 6% PH GDP growth in Q3

Oct 05, 2015 - 8:45 PM

The Manila office of the Dutch financial institution says the growth accelerates on the back of increased government spending for the first 8 months of 2015

GROWTH. The Manila office of the Dutch financial institution says the third quarter growth accelerates on the back of increased government spending for the first 8 months of 2015. Image from ING Bank Flicker account

PH less vulnerable to external shocks – Fitch

Oct 02, 2015 - 7:30 PM

The picture for emerging markets is not uniformly gloomy says Fitch

LESS EXPOSED, Fitch Asia-Pacific Sovereigns Head Andrew Colquhoun said the Philippines, India, and Vietnam are less exposed to the external risks that prompted the debt watcher to lower its global economic growth forecast to 2.3% this year. Photo from EPA

PH is Asia's next shopping destination?

Sep 30, 2015 - 9:00 PM

The Philippine Retailers Association is reviving efforts to groom the country as a tourism shopping hub in the region like Hong Kong and Singapore

Shutterstock photo

2016 election spending seen to boost PH GDP – Standard Chartered

Sep 29, 2015 - 8:48 PM

Presidential and vice presidential candidates are expected to spend up to P10 billion or 0 08 of nominal gross domestic products on their campaigns

INCREASE. Standard Chartered sees an increase in the number of registered voters that stood at 52 million in 2013. Photo by Mark Z. Saludes/Rappler

Credit Suisse trims PH growth forecast

Sep 28, 2015 - 11:31 AM

The bank revises the country’s gross domestic product growth forecast to 6 1 instead of 6 4 this year but maintains 2016’s projection at 6 4