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News and Events

GDP Growth Slows to 6.1% in 3rd Qtr, Lowest in Three Years and Below Gov't Target

But Philippines is still one of fastest growing in East Asia

The Philippine economy grew by 6.1 percent year-on-year in the third quarter of 2018, the lowest since 2015, the Philippine Statistics Authority (PSA) announced on November 8, Thursday.The country’s economic performance in the third quarter of the year is slightly below the ...

by Elyssa Christine Lopez and Pauline Macaraeg  | November 08, 2018 11:00:00
News and Events

After 2 Years of Duterte, How Does GDP Growth Compare With Previous Presidents?

After starting out strongly in his term, economic growth seems to be easing in recent quarters

The Philippine economy slowed down to 6.0 percent in the second quarter of 2018, a decline from the 6.6 percent growth recorded in the previous quarter. It is way below the government’s target of 7 to 8 percent, as well as analysts’ ...

by Pauline Macaraeg and Elyssa Christine Lopez  | August 09, 2018 12:00:00
News and Events

PH GDP Growth Drops to 6.0% in Qtr 2, Lowest in 12 Quarters

But it is still the second fastest growing economy in Southeast Asia for the quarter

The country’s gross domestic product (GDP) grew by a flat six percent annually in the second quarter of 2018, the Philippine Statistics Authority announced on August 9, slowing down from the revised 6.6-percent growth rate in the previous quarter.It is the lowest ...

by Elyssa Christine Lopez and Lorenzo Kyle Subido  | August 09, 2018 10:00:00
News and Events

Here’s Why PH’s World Competitiveness Ranking Plunged the Most in Asia

Lower scores in employment and business efficiency were the two biggest factors, according to the AIM

The Philippines ranked 50th in a list of 63 countries in the latest World Competitiveness Yearbook by Swiss-based business school International Institute for Management Development (IMD).That represented a drop of nine places from its rank of 41st in 2017, and it was ...

by Lorenzo Kyle Subido  | May 25, 2018 04:00:00
News and Events

PH Economy Keeps Growth Momentum Despite Slower Consumption and Higher Inflation

GDP expands by 6.8 percent in first quarter of 2018, at par with China

The Philippine economy managed to grow a little bit faster in the first three months of 2018 compared to the previous period despite slower rise in household consumption in the wake of higher consumer inflation.The country’s gross domestic product (GDP) expanded by ...

by Pauline Macaraeg and Elyssa Christine Lopez  | May 10, 2018 10:00:00
News and Events

No Wonder You’re Spending More: PH Inflation Jumps to 41-Month High of 3.9% in Feb

In Metro Manila, prices rose by 4.7%, due to higher costs of alcoholic drinks and tobacco

The Philippines’ newly rebased headline inflation rate soared to a 41-month high of 3.9 percent in February from 3.4 percent the previous month and 3.1 percent in February last year, according to the Philippine Statistics Authority (PSA).The inflation surge came in the ...

by Pauline Macaraeg  | March 06, 2018 01:00:00
News and Events

Why the Surge in Inflation Rate to a 39-Month High of 4% in January is Bad News for Your Savings

With interest yields below the inflation rate, your money could be worth less after you withdraw them from the bank

The Philippine headline inflation surged to a three-year high of four percent in January, up from the 3.3-percent growth last December. This is the highest since October 2014.“The uptrend was primarily due to the higher annual increment in the heavily-weighted food and ...

by Pauline Macaraeg  | February 08, 2018 10:00:00
News and Events

Rapid GDP Growth Sustained After a Year-and-a-Half Under President Duterte

Pace of economic expansion also looks more steady

The Philippines posted an economic growth rate of 6.6 percent in the last three months of last year, bringing full-year growth in 2017 to 6.7 percent. While that was slightly lower than the 6.9 percent in 2016, it was still one of ...

by Pauline Macaraeg  | January 23, 2018 02:00:00
News and Events

PH Economy Grows 6.9% in 3Q, Surpassing China But Outpaced by Vietnam

GDP picks up from the previous quarter on the back of stronger industrial and service activities

Surpassing expectations, the Philippine economy grew by 6.9 percent in the third quarter from year-ago levels, up from the 6.7-percent growth rate it recorded in the preceding quarter, the Philippine Statistics Authority (PSA) reported.However, the third-quarter GDP growth rate was lower compared ...

by Elyssa Christine Lopez  | November 16, 2017 05:00:00
News and Events

How Did the Declaration of Martial Law in 1972 Affect the Economy?

A look at the impact of authoritarian rule on infrastructure, debt, GDP and inflation

To family and supporters of the former President Ferdinand Marcos, his declaration of martial law on September 23, 1972 (though he antedated the official document to September 21) remains a watershed event that ushered in what some of them consider to be ...

by Pauline Macaraeg  | September 21, 2017 06:00:00
News and Events

GDP Growth in Duterte's 1st Year Highest Among Past 5 Presidents

A look at annual GDP growth rates in the first full year of the past five presidents

The Philippines’ gross domestic product (GDP) posted an annual growth rate of 6.5 percent in the second quarter of 2017, up from 6.4 percent in the preceding quarter.With that, average annual GDP growth under President Rodrigo Duterte’s first full year of power ...

by Lorenzo Kyle Subido  | August 17, 2017 10:00:00
News and Events

PH Maintains Spot as Fastest-Growing Economy in ASEAN

The Philippines’ economic growth has been steady compared to that of its neighbors

The Philippines is still the fastest-growing economy in the ASEAN region in the second quarter of 2017, according to data released by the Philippine Statistics Authority (PSA).A rise in GDP, a measure of economic output, is often considered an indicator of a ...

by Pauline Macaraeg  | August 17, 2017 10:00:00
News and Events

Duterte’s First Year in Power Compared to Past Four PH Presidents

Some indicators point to possible higher business costs in the coming year

A year has already passed since Rodrigo R. Duterte took office as the Philippines’ 16th president.While there are many ways to assess a president’s first year in power, we focused on measurable indicators that can be compared with those of past presidents, namely, ...

by Pauline Macaraeg  | July 01, 2017 11:00:00