Economy

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By: Ben O. de Vera, Philippine Daily Inquirer, 8 May 2020 The Philippine economy contracted for the first time in more than two decades during the first quarter, but economists warned on Thursday that the worst was likely yet to come as the country reeled from the coronavirus pandemic.

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By: Ben O. de Vera, Philippine Daily Inquirer, 7 May 2020 The COVID-19 lockdown imposed in Luzon and other parts of the country since mid-March already cost the Philippines forgone output worth 5.8 percent of its gross domestic product (GDP)—the highest in Asean-5, estimates of UK-based Oxford Economics provided to the Inquirer showed.

by Mary Grace Padin (The Philippine Star), 7 May 2020 MANILA, Philippines — The impact of the coronavirus disease 2019 or COVID-19 pandemic on the economy may be worse than previously expected following the extension of the enhanced community quarantine and the imposition of general community quarantine in areas affected by the contagion, the Department…

by Louella Desiderio (The Philippine Star), 6 May 2020 MANILA, Philippines — The country’s largest business group is calling for the immediate passage of the proposed economic stimulus measure to help the economy recover from the impact of the coronavirus disease 2019 or COVID-19 outbreak.

By Cai Ordinario, Businessmirror, 1 May 2020 Policemen guard the 112-bed We Heal As One center at the Ninoy Aquino Stadium inside the Rizal Memorial Sports Complex in Manila, which will serve as quarantine facilities for Covid-19 patients. THE Philippine economy may lose around P1.1 trillion due to the coronavirus 2019 (Covid-19) pandemic, according to…

by Daxim L. Lucas, Philippine Daily Inquirer, 26 Apr 2020 MANILA, Philippines – The Philippines’ top monetary manager expects the local economy the enter a recession over the next six months before recovering in the fourth quarter, and entering an upward growth trajectory by next year.

By Cai Ordinario, Businessmirror, 21 Apr 2020 THE Philippines’s economic performance in the past 10 years showed an improvement using the rebased National Income Accounts (NIA) estimates released by the Philippine Statistics Authority (PSA) on Monday.

By: Ben O. de Vera, Doris Dumlao-Abadilla, Philippine Daily Inquirer, 3 March 2020 A COVID-19 outbreak that will extend for the entire year will cut gross domestic product (GDP) growth by up to 1 percentage point (ppt) this year, putting at risk the government’s 6.5-7.5 percent target, the country’s chief economist said Monday.

Researchers find that the economies most likely to suffer would be those most dependent on Chinese tourism, including the Philippines by Agence France-Presse, 1 Mar 2020 MADRID, Spain – The deadly coronavirus epidemic will cost world tourism at least $22 billion owing to a drop in spending by Chinese tourists, the head of the World…

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by Lawrence Agcaoili (The Philippine Star), 12 Feb 2020 MANILA, Philippines — Fitch Ratings revised the outlook of the Philippines to positive from stable, signaling a better chance for the country to get another credit rating upgrade within the next 12 to 18 months.

by Ben O. de Vera, Philippine Daily Inquirerm, 10 Feb 2020 MANILA, Philippines — The country’s economic managers are preparing a raft of measures to counteract the economic impact of the novel coronavirus (nCoV) outbreak after the Philippines was identified as being among the three most vulnerable countries to the ongoing contagion.

By Cai Ordinario, Businessmirror, 9 Feb 2020 THE National Economic and Development Authority (Neda) and local economists said the impact of the novel coronavirus (2019-nCoV) on the economy could be larger if the effect on industry, agriculture, and consumption spending will be included.

by Businessworld, 7 Feb 2020 THE PHILIPPINES has space to adopt expansionary fiscal and monetary policy if risks to economic growth emerge, the International Monetary Fund (IMF) said, even as it expects expansion to improve this year amid downside risks.

By BusinessMirror, 6 Feb 2020 GLOBAL think tanks and credit watchers agree that the novel coronavirus (nCoV) now wreaking havoc on China and other countries in Asia-Pacific could dent economic growth in the region.

By The Manila Times, 6 Feb 2020 THE 2019-novel coronavirus (2019-nCoV) acute respiratory disease is likely to slow down the Philippine gross domestic product (GDP) growth by 0.3 percent for the whole year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno revealed on Thursday.

By BusinessMirror Editorial, 3 Feb 2020 The human loss is a tragedy; the economic consequences are going to be disastrous. Everyone is an expert with 20/20 hindsight. Nonetheless, some of us need to start thinking about what the future may look like.

By Mayvelin U. Caraballo, TMT, Manila Times, 1 Feb 2020 Amid the 2019 novel coronavirus (2019-nCoV) scare in the country, private analysts have shared the view of the government’s economic managers that the outbreak would only have a minimal impact on Philippine economic growth.

Economists cite higher gov’t spending, cut in interest rates By: Ben O. de Vera, Doris Dumlao-Abadilla, Philippine Daily Inquirer, 25 Jan 2020 After economic expansion fell to an eight-year low last year, the Philippine domestic economy is widely seen to expand at a faster pace and return to above-6 percent growth trajectory this 2020, supported…

By: Ben O. de Vera, INQ, 23 Jan 2020 MANILA, Philippines — The Philippine economy grew 5.9 percent in 2019, its slowest pace in eight years, no thanks to delayed approval of last year’s national budget.

By ANNA LEAH E. GONZALES, THE MANILA TIMES, 23 Jan 2020 THE Philippine economy grew to 6.4 percent in the fourth quarter of 2019, the slowest in eight years, bringing the full-year growth rate to 5.9 percent, just below the government’s target.

by Louella Desiderio (The Philippine Star) – 20 Jan 2020 MANILA, Philippines — The Philippines ranked 61st out of 82 countries in terms of social mobility, underscoring the need to provide an environment where individuals would have fair opportunities to fulfill their potential in life to help boost economic growth, according to the World Economic…

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By: Daxim L. Lucas, Philippine Daily Inquirer, 18 Dec 2019 Prices of basic goods and services were likely to remain stable in the next three years, according to the government’s economic managers.

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