Projections

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…

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…

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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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).

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.