Projections

HONG KONG, CHINA – Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today, forecasts developing Asia will achieve gross domestic…

/PRNewswire/ — With the latest economic growth rate at 6.1%, second only to China, a growing service sector, and rising foreign investments, the Philippines remains one of the world’s bright spots. (Figure 1) Given the country’s strong economic performance, real estate services agency KMC MAG Group believes that the local real estate market is in…

MANILA, Philippines – A Bloomberg survey of economists shows the Philippines will be the second fastest-growing economy in the world this year, second only to China.

China tops the list, according to economists surveyed by Bloomberg Emerging markets in Asia and Africa still reign supreme: They’re at the top of global growth projections over the next two years.

MANILA, Philippines – Philippine exports growth should remain strong this year on the back of an improving US economy and better prospects with the integration of the Association of Southeast Asian Nations (Asean), the research arm of Metropolitan Bank and Trust Co. said.

Download the publication here

Download the report here

Philippine real estate will continue to register healthy growth especially outside Metro Manila (esp. Makati, BGC and Ortigas) in 2015 according to Colliers, although at a more measured, conservative pace. According to experts, this is akin to the market correcting itself after years of impressive growth. See the report here

MANILA – The Philippine economic growth is expected to pick up its pace this year due to an increase in public spending, an analyst said Monday.

The greater Mekong subregion (GMS) could become Asia’s new low-cost production hub as the region becomes more integrated, experts say. The GMS comprises Vietnam, Myanmar, Cambodia, Laos and Thailand as well two regions in China: the Yunnan province and the Guangxi Zhuang Autonomous Region.

MANILA, Philippines—The Philippines has the potential to become the third-biggest player in the automotive manufacturing sector in the Asean next to Thailand and Indonesia, but it needs to put in place so-called key ‘enablers’ that will put the country in a more competitive position in the region, according to multinational management consulting firm McKinsey and…

The country is likely to slow its transition into an upper-middle-income country in 16 years, if it would fail to implement the necessary policies needed to accelerate economic growth, the Asian Development Bank (ADB) said.

MANILA, Philippines – The Institute of Chartered Accountants in England and Wales expects the Philippine economy to be the fastest growing in Southeast Asia next year.

With only a 3rd quarter economic growth of 5.3%, experts say that ‘normalized’ government spending, private consumption, and investments will help the country stay on its growth track MANILA, Philippines – Thursday’s announcement that the gross domestic product (GDP) performance for the 3rd quarter slowed down to 5.3% indicates the economic growth target for 2014…

MANILA, Philippines – A deceleration in government spending could weigh down on the country’s economic growth in the second half despite the expected strong domestic demand, the Bangko Sentral ng Pilipinas said.

The Philippine economy is expected to outperform its peers in the region this year and next, Maybank Kim Eng said in a report Monday. “The Philippines is expected to outperform its group with growth of 6.2 percent [for 2014] and 6.3 percent [2015],” Maybank said. The Malaysia bank said its forecasts were in line with…

MANILA, Philippines – The International Monetary Fund has cut its 2015 growth forecast for the Philippines as merchandise exports are expected to post a slower growth.

ECONOMIC GROWTH in the first half of 2014 is slowing rather than picking up. The unusually strong growth of 7.2% in 2013, an election year, is unlikely to be replicated in 2014 and 2015. The last four “peaks” (2004, 2007, 2010 and 2013) occurred during election years. The emerging consensus is that growth in 2014…

From the National Ecnonomic Development Authority The National Economic and Development Authority (NEDA) is optimistic about the achievement of the Philippine Development Plan (PDP) targets for 2014 in the Industry and Services (I&S) sectors. Bright prospects are also seen for the achievement of end-of-plan targets in the financial sector.

The automotive industry is expected to generate 300,000 jobs under a new industrial policy that would seek to revive the manufacturing sector and help achieve an inclusive growth, according to the Philippine Institute of Development Studies (PIDS). PIDS senior research fellow Rafaelita Aldaba said: “We’re looking at auto investments for broad-based industrial growth to happen…

MANILA, Philippines – The Philippines is poised to become the global leader in healthcare information management services (HIMS) as it aims to generate $2.4 billion worth of revenues and employ 120,000 employees by 2016.

MANILA, Philippines – The Philippine economy seems headed for long-term growth with the possibility of expanding beyond 7.2 percent even in the absence of election-related spending, the Department of Finance said.

Finance Undersecretary Gil S. Beltran on Wednesday disputed a report by Standard Chartered Bank claiming the government’s target of 7-percent to 8-percent growth in terms of the gross domestic product (GDP) was “ambitious.” He asserted that growth arises from new capital investment and increases in productive efficiency, and therefore “growth in GDP can thus potentially…

WALL STREET banking giant Morgan Stanley has downgraded to “underweight” its tag on Philippine shares, along with Thai equities, according to a note it sent to clients on Tuesday that laid out its outlook for the second half.

WASHINGTON – The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China.

MANILA (Reuters) – The Asian Development Bank (ADB) has cut its growth forecast for Southeast Asia this year, as the Thai coup, Indonesia’s mineral export ban and industrial park riots in Vietnam take a toll.

PROSPECTS for the Philippine economy remain rosy given robust demand conditions, monetary authorities noted during a policy meeting last month, with reconstruction efforts following last year’s calamities also expected to provide a boost.

The truck ban imposed in the city of Manila and a slowing world economy will likely dampen the country’s exports growth in the second half of 2014, thus, diminishing the export sector’s contribution to economic expansion for the year, local economists said.

AIX-EN-PROVENCE, France — Global economic activity should strengthen in the second half of this year and accelerate in 2015 although momentum could be weaker than expected, IMF chief Christine Lagarde said on Sunday, adding that the Fund did not expect a sharp slowdown in China.

MANILA, Philippines – The Philippines should cope better than most its peers in the Association of Southeast Asian Nations (Asean) in case of a significant downturn in Chinese economic activity, Moody’s Investors Service said in a report.