PH debt now 48.1 percent of GDP and growing
MANILA, Philippines—The share of the national government’s debt to gross domestic product (GDP) climbed to 48.1 percent at the end of the first half of the year as the economy…
‘Worse than expected’: GDP drop lowest in 4 decades
Café owner Hans Cerdania did not need official economic figures to tell him the worst had come when he and his business partner closed shop, long before the government announced…
PSEi brushes off grim GDP numbers, closes at 5,900 level
The local stock barometer raced to the 5,900 mark on Thursday despite news about the second quarter gross domestic product (GDP) contracting by 16.5 percent year-on-year, officially putting the Philippines…
Officially a recession: PH GDP shrank 16.5% in Q2
A general view of the skyline of the financial district of Makati. (AFP) MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the…
Bigger GDP drop in 2020 seen as NCR reverted to MECQ
The Washington-based Institute of International Finance (IIF) has further downgraded its economic outlook for the Philippines as full-year contraction is seen hitting a bigger 3.9 percent from 3 percent previously,…
Worse than expected: Pandemic pushed PH GDP into deeper 8 percent dive, says Moodys
The research arm of debt watcher Moody’s Investors Service is projecting an 8-percent dive in the Philippines’ gross domestic product (GDP) during the second quarter of 2020 largely as a…
Capital Economics: Philippines’ GDP likely slid 18% in Q2
MANILA, Philippines – The Philippines’ gross domestic product (GDP) likely slid by almost a fifth year-on-year during the second quarter at the height of the longest and most stringent coronavirus…
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…
Oxford Economics: PH GDP likely shrank by 14.3% in Q2
The Philippines’ gross domestic product (GDP) likely slid by a hefty 14.3 percent year-on-year in the second quarter as the economy took a beating from one of the most stringent…
Deeper fall in PH GDP seen as COVID-19 quarantine further extended
MANILA, Philippines — Extending the general community quarantine (GCQ) in Metro Manila and neighboring provinces that host the bulk of the country’s economic activities until this month’s end while COVID-19…