Projections

21 Apr 2022 – Return to pre-pandemic growth pace seen by 2024

Published by rudy Date posted on April 21, 2022

Lawrence Agcaoili – The Philippine Star  April 21, 2022 | 12:00am MANILA, Philippines — The International Monetary Fund (IMF) expects the Philippine economy returning to its pre-pandemic growth level in 2024 after closing the output gap arising from the impact of the pandemic by next year. IMF resident representative Ragnar Gudmundsson said in an email…

Read more

12 events to expect in 2022, mostly grim

Published by rudy Date posted on January 5, 2022

by Jarius Bondoc – The Philippine Star, 5 Jan 2021 If 2021 was the year the world turned back COVID-19, will 2022 see it licked? And what of the pandemic aftermaths, the tightening hold of big tech on people’s lives, and the worsening rivalry between China and America? Global events will shape or shock the…

Read more

DTI: Economy hits growth target in 2021

Published by rudy Date posted on January 1, 2022

by Louella Desiderio – The Philippine Star, 1 Jan 2021 MANILA, Philippines — The Department of Trade and Industry (DTI) said the economy likely hit last year’s growth target despite the damage from Super Typhoon Odette recently, citing the eased restrictions which have restored economic activity and jobs.

Read more

ADB trims Asia growth forecasts as Omicron threatens economy

Published by rudy Date posted on December 15, 2021

by Agence France-Presse, 15 Dec 2021 The Asian Development Bank warned yesterday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia.

Read more

14 Dec 2021 – Turning bullish, Duterte gov’t upgrades 2021 GDP target

Published by rudy Date posted on December 14, 2021

by Ramon Royandoyan – Philstar.com, 14 Dec 2021 MANILA, Philippines (Update 1, 6:51 p.m.) — A faster-than-expected growth in the third quarter prompted the Duterte administration to hike its economic target for this year, which officials said would be feasible if vaccination further picks up and pandemic curbs become looser.

Read more

World Bank upgrades Philippine outlook, but ‘scarring’ a big problem

Published by rudy Date posted on December 7, 2021

by Ramon Royandoyan – Philstar.com, 7 Dec 2021 MANILA, Philippines — The World Bank on Tuesday upgraded its growth projection for the Philippines this year, but warned that effects of pandemic-induced economic scarring would mean the road to recovery would be rocky.

Read more

Return to pre-pandemic growth seen earlier than expected

Published by rudy Date posted on November 28, 2021

by Louise Maureen Simeon – The Philippine Star, 28 Nov 2021 MANILA, Philippines — The Philippine economy may return to pre-crisis levels earlier than expected as key economic sectors enjoy significant improvements following the continued easing of mobility restrictions.

Read more

Philippines seen to grow fastest in ASEAN next year

Published by rudy Date posted on November 26, 2021

by Lawrence Agcaoili – The Philippine Star, 26 Nov 2021 MANILA, Philippines — The Philippines is on its way to becoming the fastest growing economy in Southeast Asia next year as it continues to gradually recover from the pandemic-induced recession, Malaysian financial giant Maybank said.

Read more

Philippine economic growth beats forecasts in third quarter

Published by rudy Date posted on November 9, 2021

Read more here.

Read more

‘Philippines to lead ASEAN growth in 2022’

Published by rudy Date posted on October 25, 2021

by Louise Maureen Simeon – The Philippine Star, 25 Oct 2021 MANILA, Philippines — Economic recovery for Southeast Asia is expected to be more pronounced next year, as the region learns to live with COVID, with the Philippines expected to post the strongest rebound.

Read more

GDP growth targets attainable, says BSP

Published by rudy Date posted on October 14, 2021

by Lawrence Agcaoili – The Philippine Star, 14 Oct 2021 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) remains optimistic the country will hit its economic growth targets this year and next, brushing off an International Monetary Fund (IMF) downgrade.

Read more

13 Oct 21921 – IMF cuts Philippine GDP forecasts anew

Published by rudy Date posted on October 13, 2021

by Lawrence Agcaoili – The Philippine Star, 13 Oct 2021 MANILA, Philippines — The International Monetary Fund (IMF) slashed anew its growth forecasts for the Philippines, expecting the economy to expand below the targets set by government economic managers as the country struggles to contain the resurgence of COVID infections.

Read more

2 Oct 2021 – Philippine economy to take 10 years to recover from COVID-19: NEDA chief

Published by rudy Date posted on October 2, 2021

by Agence France-Presse, 2 Oct 2021 MANILA – The Philippine economy will take more than a decade to return to pre-pandemic growth, an official said Thursday, warning the next two generations of Filipinos would be paying for the cost of COVID-19.

Read more

While we were busy fighting the virus…

Published by rudy Date posted on September 30, 2021

By Ernie Cecilia and DPM, Manila Times, 30 Sep 2021 The world kept changing If you watch the evening news on TV, you’ll probably notice only three main themes: 1) Covid-19 response, 2) politics, and 3) disasters. In fact, you can say it’s all about disasters, as 1) and 2) are really part of 3).

Read more

Signs and Wonders

Published by rudy Date posted on September 29, 2021

Read more here.

Read more

ADB keeps Philippine growth outlook at 4.5% for 2021

Published by rudy Date posted on September 23, 2021

by Louise Maureen Simeon – The Philippine Star, 23 Sep 2021 MANILA, Philippines — The Asian Development Bank (ADB) has retained its 2021 economic growth outlook for the Philippines at 4.5 percent, but warned of continued downside risks from more transmissible COVID variants that may lead to fresh spikes in cases and lockdown measures.

Read more

‘Significant growth likely by latter half of next year’

Published by rudy Date posted on September 19, 2021

by Louise Maureen Simeon – The Philippine Star, 19 Sep 2021 MANILA, Philippines — The Philippines would have to wait until the second half of next year to see significant growth as risks of new COVID waves and still slow vaccination rollout are expected to hamper the country’s economic rebound.

Read more

School closures to cost Philippines economy P11 trillion in 40 years

Published by rudy Date posted on September 10, 2021

by Louise Maureen Simeon – The Philippine Star, 10 Sep 2021 MANILA, Philippines — The continued closure of schools in the Philippines will not only have long-term scars on students but will also cost the economy some P11 trillion over the next four decades.

Read more

1 Sept 2021 – Philippines on long road to recovery – ADB

Published by rudy Date posted on September 1, 2021

by Louise Maureen Simeon – The Philippine Star, 1 Sep 2021 MANILA, Philippines — Economic recovery for the Philippines will continue to be tough, with its return to pre-crisis levels seen only by late 2023, the Asian Development Bank (ADB) said.

Read more

Nomura: PH among ‘troubled 10’

Published by rudy Date posted on August 28, 2021

By Mayvelin U. Caraballo, 28 Aug 2021 JAPAN’S global investment bank Nomura has tagged the Philippines as one of the “troubled 10” in emerging markets (EM) amid the potential of normalizing monetary policy in the United States and China’s weakening economy.

Read more

27 Aug 2021 – Pre-pandemic growth levels likely by end-2022

Published by rudy Date posted on August 27, 2021

by Louise Maureen Simeon – The Philippine Star, 27 Aug 2021 MANILA, Philippines — The Philippine economy will have to wait until late next year to see a return to its pre-crisis levels as the pandemic continues to put a drag on the country’s much-needed rebound.

Read more

COVID-19 pandemic threatens Asia-Pacific’s progress on global dev’t goals, says ADB

Published by rudy Date posted on August 24, 2021

by Reuters, 24 Aug 2021 MANILA, Philippines — The coronavirus pandemic may have pushed as many as 80 million people in developing Asia into extreme poverty last year, threatening to derail progress on global goals to tackle poverty and hunger by 2030, the Asian Development Bank (ADB) said on Tuesday.

Read more

‘Stronger H2 unlikely as virus crisis lingers’

Published by rudy Date posted on August 21, 2021

by Louise Maureen Simeon – The Philippine Star, 21 Aug 2021 MANILA, Philippines — The Philippines is not likely to see a strong performance in the second half, which will dampen its already reduced growth targets, as virus concerns remain a drag on recovery.

Read more

PH slashes 2021 economic growth target amid lockdowns

Published by rudy Date posted on August 18, 2021

President Duterte’s economic managers have lowered the country’s economic growth targets, taking into account the impact of the mobility restrictions imposed in different parts of the country meant to prevent the spread of COVID19.

Read more

Lockdown extension detrimental to still wobbly economy, experts say

Published by rudy Date posted on August 16, 2021

By Doris Dumlao-Abadilla, 16 Aug 2021 Despite exiting five straight quarters of economic contraction, the Philippines is not yet out of the woods as rising COVID-19 cases may prompt the government to extend the enhanced community quarantine (ECQ) in Metro Manila beyond Aug. 20, according to economists.

Read more

Strict curbs to impact Q3 economic performance

Published by rudy Date posted on August 16, 2021

by Elijah Felice Rosales (The Philippine Star), 16 Aug 2021 MANILA, Philippines — The Department of Finance (DOF) expects the third quarter economic performance to take a hit from the revert to lockdown in select areas.

Read more

Weak demand may dampen 2021 growth

Published by rudy Date posted on August 12, 2021

by Louise Maureen Simeon (The Philippine Star), 12 Aug 2021 MANILA, Philippines — Consumption will remain subdued for the rest of 2021 as mobility curbs affect spending and drag expectations for a strong economic growth for the year, an international think tank said.

Read more

Neda sees P 300-B loss from 2-week lockdown

Published by rudy Date posted on August 8, 2021

by Ben O. de Vera, 8 Aug 2021 The two-week lockdown that the government imposed to contain the contagious Delta strain will likely cost the economy P300 billion in output losses, the country’s chief economist said.

Read more

NEDA revises projected lockdown losses to P150 billion a week

Published by rudy Date posted on August 8, 2021

by Louise Maureen Simeon (The Philippine Star), 8 Aug 2021 MANILA, Philippines — The Philippine economy will lose at least P150 billion per week as Metro Manila and other areas are placed under the strictest quarantine measure as the country grapples with the expected spread of the more transmissible COVID-19 Delta variant.

Read more

Philippines growth forecasts slashed anew amid latest lockdown

Published by rudy Date posted on August 7, 2021

by Lawrence Agcaoili (The Philippine Star), 7 Aug 2021 MANILA, Philippines — Dutch financial giant ING Bank and ANZ Research expect the Philippines to make a slower bounceback from the pandemic-induced recession as stricter lockdown and quarantine measures were reimposed in the National Capital Region (NCR) and nearby provinces.

Read more

Feb 20 – World Day of Social Justice

“Living wages for social justice.”

 

Continuing
Solidarity with CTU Myanmar,
trade unions around the world,
for democracy in Myanmar,
with the daily protests of
people in Myanmar against
the military coup and
continuing oppression.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

#WearMask #WashHands
#Distancing
#TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!
Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories