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IMF raises PH growth forecast to 6.5%

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The International Monetary Fund on Wednesday raised its 2014 economic growth forecast for the Philippines to 6.5 percent, up from its January projection of 6.3 percent, with typhoon reconstruction expected to boost the economy.

Posted: March 26th, 2014 in Latest Business Stories | Read More »

ADB cuts growth forecast for Asean 5

The Asian Development Bank (ADB) has scaled down its growth forecast for Southeast Asia’s major markets due partly to an expected economic slowdown in the Philippines following the devastation brought by Supertyphoon “Yolanda.”

Posted: December 12th, 2013 in Headlines | Read More »

PH expected to outperform regional rivals

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A construction worker wires together steel frames for the foundation of a building still under construction in Parañaque City. American banking giant Citigroup sees the Philippines outperforming neighbors in the region this year in the face of the tapering of the US Federal Reserve's easy money policy and a slowdown in China.  RAFFY LERMA

American banking giant Citigroup sees the Philippines outperforming neighbors in the region and better withstanding external shocks arising from the tapering of the US Federal Reserve’s easy money policy and a slowdown in China.

Posted: August 15th, 2013 in Latest Business Stories | Read More »

S&P raises PH growth forecast

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Debt watcher Standard & Poor’s (S&P) has raised its growth forecast for the Philippines, which is now expected to outpace other Asian countries suffering the brunt of weak demand from developed nations.

Posted: July 30th, 2013 in Headlines | Read More »

IMF raises growth forecast for PH

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FILE PHOTO

The Philippines remains one of the few bright spots in the global economy, with domestic demand fueled by remittances from migrant workers and increased government spending expected to offset the slowdown in the developed world.

Posted: July 11th, 2013 in Editor's Pick,Headlines | Read More »

IMF sees 6% PH growth

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The International Monetary Fund (IMF) has raised its 2013 growth forecast for the Philippines, citing robust consumer spending and rising domestic investments.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

Moody’s raises PH growth forecast for 2012

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Moody’s Investors Service has upgraded its growth forecast for the Philippines for this year from 5.5 to 6.3 percent, citing favorable developments in the domestic economy that have beaten most expectations.

Posted: December 19th, 2012 in Headlines | Read More »

Global economy is set for sharp slowdown in 2013–OECD

oecd

Global growth is set for a sharp slowdown next year and the eurozone debt crisis “remains the greatest threat to the world economy at present,” the OECD warned on Tuesday.

Posted: November 27th, 2012 in Latest Business Stories | Read More »

SKorea cuts key rate, lowers growth forecasts

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A currency trader walks in front of a screen showing the Korea Composite Stock Price Index (KOSPI), left, and foreign exchange rate at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Oct. 10, 2012. Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most Asian stock markets down Wednesday. South Korea's Kospi dropped 1.4 percent at 1,955.84. AP/Lee Jin-man

South Korea’s central bank cut its key interest rate Thursday for the second time this year and slashed growth forecasts as Asia’s fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and a worsening global slowdown.

Posted: October 11th, 2012 in Latest Business Stories,Photos & Videos | Read More »

S&P raises growth forecast for Philippines

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An overview of cranes loading ships with containers at the Manila South Harbor port taken in 2009. Standard & Poor’s raised its growth forecast for the Philippines for 2012, as it said the growth performance of the country was less affected by unfavorable global developments than those of other emerging Asia-Pacific economies partly because it relied less on exports to fuel economic growth. AFP PHOTO/TED ALJIBE

International credit watcher Standard & Poor’s raised its growth forecast for the Philippines for 2012, even as it downgraded its outlook for other economies in Asia and the Pacific, saying the country has the capability to withstand unfavorable developments in the global economy.

Posted: September 26th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

PH economy to grow 6-7% growth this year—FMIC

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First Metro Investment Corp. (FMIC), a subsidiary of the Metrobank group, has upgraded its economic growth outlook for the Philippines for 2012 to 6-7 percent, from its earlier forecast of 5-6 percent, given the stronger-than-expected first-quarter output.

Posted: June 19th, 2012 in Headlines | Read More »

ADB lowers economic growth forecast for Philippines

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The Asian Development Bank has slashed its growth forecasts for the Philippines for this year and next, saying the economy may no longer expand as fast as earlier expected because the lackluster global economic picture is dampening its exports. For 2011, ADB has cut its growth projection to 4.7 percent from 5.1 percent, saying the [...]

Posted: September 14th, 2011 in Headlines | Read More »

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