Vietnam’s GDP forecast to grow 3.8% this year
A farmer in the nothern province of Hai Duong’s Thanh Ha District harvests lychee. Agriculture has been a highlight of the economy in the first half of the year. Viet…
ADB revises forecast for PH economy: 3.8 percent drop in GDP
The Asian Development Bank (ADB) sees growth across developing Asia-Pacific falling to a 59-year low largely because of the COVID-19 pandemic, with the Philippines suffering a 3.8 percent drop in…
COVID-19 impact: Spanish think tank slashes PH growth forecast to 1.4 percent
Barcelona-based FocusEconomics has slashed its 2020 growth forecast for the Philippines to 1.4 percent as the COVID-19 pandemic and the local lockdown to fight the disease deeply hurt the economy.…
Visitor arrivals to Asia Pacific forecast to drop 32%
Image: Michal Krakowiak/Istock.com via AFP Relaxnews New industry figures predict a drop of 32% in international visitors to Asia-Pacific region this year. In a revised forecast that takes into account…
IMF cuts 2020 PH growth forecast to 0.6%, expects unemployment to rise amid COVID-19 pandemic
MANILA, Philippines – The COVID-19 pandemic would not only slow the Philippines’ economic growth to a dismal 0.6 percent but also render more Filipinos jobless this year, the Washington-based International…
BSP forecast: March inflation not more than 3 percent
Prices of basic consumer goods and services in the Philippines were likely to have risen at a slower pace in March because of cheaper fuel, according to the Bangko Sentral…
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…