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PH economic growth higher than peers’ – World Bank

The World Bank, in its Philippine Economic Update (PEU) for June 2023, reported that the country’s economy expanded by 6.4% year-on-year (yoy) in Q1 2023, higher than the growth of regional peers such as Malaysia (5.6%) Indonesia (5.0%), Vietnam (3.3%, and Thailand (2.7%). The report said that the continued release of pent-up demand, improved employment […]

Rate hikes may derail real estate sector recovery

The Philippine real estate sector’s recovery may be derailed by the Bangko Sentral ng Pilipinas’ (BSP) aggressive rate hikes, according to Cushman & Wakefield Philippines. “The aggressive contractionary monetary policy stance by the BSP which is in sync with other central banks, prompted by the rallying prices, may slow down the global recovery, as well […]

PH seen to sustain 4-5% growth this decade

Growth-wise, the Philippine economy is performing in the middle of the pack in Southeast Asia, where United States-based management consulting firm Bain & Company sees a rosy picture for the rest of this decade. In a joint report released in partnership with Singapore-based Monk’s Hill Ventures, Bain & Company said the Philippine gross domestic product […]

ADB Raises 2022 Growth Forecast for the Philippines

MANILA, PHILIPPINES  — The Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of COVID-19 mobility restrictions in the country, the expansion of the COVID-19 vaccination program, and a rebound in investment and household consumption, according to a report released today by the Asian Development Bank (ADB). The Asian […]