Projections

MANILA – Asian Development Bank (ADB) today raised its economic forecast for the Philippines for this year and 2014, but said job creation remains a challenge despite robust growth.

The Philippines will likely post the strongest growth in labor force in Asia over the next decade and hit its demographic peak at 2085, American investment bank BofA Merrill Lynch said.

THE BETTER-THAN-EXPECTED 7.5% 2Q13 growth certainly brought cheer to local stocks battered by two weeks of bad news. The main stock index rose a cumulative 6.0% in the past two days following the announcement last August 29 that the local economy bested other Southeast Asian countries where growth ranged from 2.8% (Thailand) to 5.8% (Indonesia)…

MANILA – Tighter US monetary policy is likely to temper Philippines growth despite strong domestic consumption and government spending, the Institute of Chartered Accountants in England and Wales (ICAEW) said.

MANILA, Philippines – The Philippine economy is expected to grow over seven percent this year, eclipsing the high end of the government’s official 6-7 percent target.

Citi, HSBC cite country’s solid economic fundamentals Two of the foreign banks with the largest operations in the Philippines upgraded their economic growth forecasts for 2013 after the country beat market expectations and outperformed the rest of its Southeast Asian peers in the second quarter.

The National Economic and Development Authority (NEDA) is seeing a continued positive performance of the Philippine economy in the coming months.

MANILA, Philippines – The government’s economic team is confident that the country could exceed growth targets this year with the economy seen expanding more than seven percent on the back of robust consumer spending and an improving global investment climate.

The Philippines is seen to lead Southeast Asia in terms of growth as what was once regarded as Asia’s laggard spearheads an “outperforming” region this year until 2015 amid a weakening China.

ING Bank has significantly upgraded its growth forecast for the Philippines to 7.3 percent this year from its original projection of 6.1 percent.

MANILA, Philippines – Local and foreign banks have upgraded their growth forecasts for the Philippines this year on expectations that robust consumer spending and investments would thwart the impact of still-weak trade demand.

MANILA, Philippines – The country’s treasury chief said the looming end of low interest rates abroad could jumpstart slightly higher borrowing costs for the government, resulting in an end to below one-percent yields in Treasury bill auctions.

The Philippines is expected to outpace other Southeast Asian economies with a forecast gross domestic product (GDP) growth of 7 percent this year, the International Monetary Fund (IMF) said in Manila on Wednesday.

MACROECONOMIC ASSUMPTIONS and fiscal targets for this year and 2014 were retained yesterday by economic managers as they chose to keep a “conservative stance” on growth goals.

The Philippines needs to attract more foreign direct investments to complement domestic market-driven investment which it do by easing systems in doing business and by providing better infrastructure.

WB says developing nations face risk of overheating The global economy is now poised to recover from a crippling crisis that started in 2008, with the Philippines and other developing countries driving expansion, according to a report from the World Bank.

MANILA – The Philippines’ faster economic growth and the gains in the stock market cannot be sustained, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

SAN FRANCISCO (AP) — The ailing personal computer market is getting weaker, and it’s starting to look as if it will never fully recover as a new generation of mobile devices reshapes the way people use technology.

MANILA, Philippines – The Philippines is a “rising star” in a gloomy world economy and could grow by as much as eight percent by 2016 if reforms in governance and business policies continue, a unit of debt watcher Moody’s Investors Service said.

THE PHILIPPINES has been branded as “Asia’s rising star” by Moody’s Analytics, with the country’s growth expected to outstrip much of the world in coming years. In a report released yesterday, the research arm of credit rater Moody’s Investors Service called the Philippines “among the brightest parts of a generally gloomy global picture.”

Set to be ‘one of world’s fastest growth rates’ The Philippines has grabbed the spotlight amid a lackluster global economy, with a think tank describing it as a “rising star” poised to record one of the fastest growth rates in the world and a credit-rating firm raising its growth forecast for the country.

Although elsewhere the prospect for high growth this year was seen ranging no more than 5 percent in terms of gross domestic product (GDP), the sovereign-credit watcher Moody’s Investor Service anticipates accelerating local output as high as 7 percent.

(Updated 4:30 p.m.) Philippine output this year and the next is seen settling within the government’s growth goals, driven by the construction and business process outsourcing sectors and domestic demand, a unit of debt watcher Moody’s Investors Service said Wednesday.

THE Philippine economy will continue to do better than the Asia-Pacific average although it will likely slow to 6.2 percent in 2013 due to external factors, according to the United Nations Economic and Social Commission for Asia and the Pacific (Escap).

MANILA — The International Monetary Fund (IMF), a recipient of a $1-billion loan from the Philippines, kept its projection for the country’s growth amid risks the country faces.

To sustain the upward momentum of the country’s economy, the World Bank has urged the Philippines to increase its infrastructure spending.

THE WORLD BANK yesterday maintained its 2013 Philippine growth forecast of 6.2% even as it trimmed projections for the East Asia and the Pacific region, noting continuing risks tied to global weaknesses and also the possibility of overheating.

Urges PH, other countries to start containing inflation The World Bank has warned that the Philippines and a few other Asian countries were facing threats of overheating and suggested that policymakers start shifting focus from boosting economies to containing the buildup of inflationary pressures.

MANILA, Philippines – The World Bank has maintained its gross domestic product (GDP) growth forecasts for the Philippines at 6.2 percent and 6.4 percent for 2013 and 2014, respectively, as the country continues to show signs of sustained growth.

The World Trade Organization (WTO) has cut its trade growth forecast for 2013 because of risks from the eurozone crisis and from greater protectionism. Global trade is now expected to grow by 3.3% this year, the WTO says, down from its earlier forecast of 4.5%.