London think tank: PH economy to shrink 4 percent in 2020
London-based Capital Economics on Thursday (April 16) said the Philippine government’s projections of flat growth or, in the worst case, contraction of as much as 1 percent in 2020 was…
COVID-19 uncertainty: Gov’t in search of more funds to keep helping poor, keep economy breathing
The government is on the lookout for more funds to sustain help to vulnerable sectors and keep the economy from total collapse as uncertainty lingers over the COVID-19 pandemic. Budget…
BSP to pump more cash into economy to fight ‘once-in-a-lifetime crisis’
MANILA, Philippines — Bangko Sentral ng Pilipinas has vowed to infuse more liquidity into the local financial system at the soonest possible time to help the Philippine economy absorb the…
Digital economy growth gives push to virus fight
Developments in the digital economy arising from China’s anti-coronavirus fight are set to accelerate the country’s economic transformation. Photo by Cai Meng/China Daily/Asia News Network BEIJING — Developments in the…
Jumpstarting the economy after a pandemic
The recent coronavirus outbreak has brought uncertainty not just over general public health, but also to the global economy at large. While scientists are racing to find a cure against…
UN: Pandemic could shrink global economy almost 1% in 2020
UNITED NATIONS — The global economy could shrink almost 1% this year due to the new coronavirus, a sharp reversal from the pre-pandemic forecast of 2.5% growth, the United Nations…
Amid COVID-19 pandemic, World Bank sees PH economy growing 3% at best, contracting 0.5% at worst in 2020
MANILA, Philippines — The COVID-19 pandemic will take its toll on economies across East Asia and the Pacific, and the Philippines was no exception given its reliance on tourism and…
UK think tank: PH economy to be ‘badly hit’ by COVID-19 pandemic
The Philippines is one of emerging markets that would take a big hit from the economic disruption of the COVID-19 pandemic, which would be made even worse by insufficient health…
Singapore economy shrinks 2.2% in Q1, full-year growth forecast slashed to -4% to -1%
The air transport, accommodation, food services and retail trade sectors shrank on the back of a sharp decline in tourist arrivals. ST PHOTO: GAVIN FOO SINGAPORE – Singapore’s economy looks…