Projections

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%.

MANILA – The Philippine economy is likely to sustain its strong growth this year until 2014, but unemployment and underemployment remain a key concern, the Asian Development Bank (ADB) said on Tuesday.

THE Bangko Sentral ng Pilipinas (BSP) expects economic growth to accelerate this year, bolstered by added contributions from the external-trade sector, Governor Amando M. Tetangco Jr. said.

MANILA – As the first quarter comes to a close, the National Economic and Development Authority (NEDA) on Monday said growth for the period likely settled at 6-7 percent on election-related spending and the recovery in exports.

Financial Times) — China is on track for a fourth consecutive decade of rapid growth and will overtake the US as the world’s biggest economy in 2016 after accounting for price differences, according to a new report by the OECD.

Philippine consumer prices is seen to climb slightly in 2013 as the inflation rate is expected to average at 3.8 percent, according to the latest report of the state think tank Philippine Institute for Development Studies (PIDS).

Malaya Business News Online – Philippine Business News | Online News PhilippinesMalaya Business News Online – Philippine Business News | Online News PhilippinesCredit rating agency Standard and Poor’s (S&P) yesterday announced it has revised higher growth prospects for the Philippines and other countries in the Asia-Pacific region.

The government has committed to complete its institutional reforms through the passage and implementation of critical reform measures this year to support the country’s goal of attaining growth in gross domestic product (GDP) of up to 7 percent in 2013 and 7.5 percent in 2014.

THE PHILIPPINE economy is expected to grow at a slower pace this year — but still within the government’s target — given risks from a weak global environment and “bureaucratic bottlenecks,” a New York-based consultancy yesterday said.

MANILA, Philippines – The Philippines deserves an investment-grade status this year as its economic landscape has “dramatically changed” under the Aquino administration which has begun to address the country’s weaknesses to achieve sustainable and “cohesive” growth, a world renowned economist said.

Benefiting from robust consumer spending and improving investment climate, the Philippine economy was expected to have maintained a robust 6.5-percent growth in the fourth quarter of 2012 and remained one of the fastest-growing economies in the region.

New Investment flow to the Philippines for this year will be driven by the prevailing low borrowing cost environment, and cross-border merger and acquisitions, according to the market outlook of online brokerage firm 2TradeAsia.com.

WASHINGTON — Developing countries, led by China, will remain the main engines of global economic growth in 2013 as Europe and the United States plod along, the World Bank said in a report released Tuesday.

Bank sees PH potential, but urges reforms to hasten progress Despite its favorable demographics, the Philippines continues to miss out on a greater share of foreign direct investments (FDIs) due to a “restrictive” foreign ownership policy and “uncompetitive” business environment, British banking giant HSBC said.

ANALYSTS have moved to revise their growth outlooks for the Philippines following surprisingly strong third-quarter results. Strong growth seen boosting gov’t revenuesQ3 surprise prompts growth forecast revisionGrowth tops forecastsMedium-term growth seen below targetCiti sets 2013 GDP forecast of 5.3%

The Philippine economy must post an average annual growth rate of 6.7 percent for the per capita income to increase by two-fold after 15 years, National Economic and Development Authority (NEDA) director general Arsenio Balisacan said.

THE PHILIPPINE economy could grow by 5.3% next year, Citigroup, Inc. yesterday said, as public spending and low interest rates support consumption and investment.

PHILIPPINE GROWTH will likely be capped at 6% over the next two to three years given the weak global economy, economists yesterday said as they urged the government to boost development via other sources.

MANILA, Philippines – The economy could expand by 5.7 percent this year as steady flow of remittances buoys consumption growth and investment, an investment bank said yesterday.

TOKYO, Japan – The Philippines, a laggard economy compared with its Southeast Asian neighbors, can grow faster in the medium term at more than five percent annually, International Monetary Fund (IMF) officials said. In a briefing here, they said higher state revenues and increasing the spending on infrastructure will pave the way for more domestic…

Tokyo, Japan – Third quarter economic growth in the Philippines likely tracked the trend in the first half due to the services sector and robust consumption, the country’s chief economist said. “We are hopeful that it is on the same track,” National Economic and Development Authority (NEDA) Director General Arsenio Balisacan told The STAR on…

SUSTAINED infrastructure development can raise the Philippines’ annual economic growth rate “to well above 5% over the medium term”, senior officials of the International Monetary Fund (IMF) said in a webcast on Friday from Tokyo, Japan which is hosting the annual IMF-World Bank meeting for this year.

The Philippine economy may have a full-year growth of 5.7 percent to 6 percent if domestic demand, remittances and exports will further increase in the remaining months of the year, according to the latest issue of The Market Call.

STANDARD & Poor’s (S&P) has hiked its Philippine growth forecasts for 2012 and 2013, but external threats may dent the country’s chances of getting an investment grade credit rating. The economy could grow by 4.9% this year and 5% next year, S&P yesterday said in a report, up from the 4.3% and 4.5%, respectively, that…

LOCAL output for the Philippines, measured as the gross domestic product this year and next, was seen flattening at 4.8 percent, according to the International Monetary Fund (IMF). In an originally embargoed statement, the IMF said growth for the $225-billion economy would prove flattish for 2012 and 2013 as the global economy succumbs to weaker-than-expected…

THE INTERNATIONAL Monetary Fund (IMF) has maintained its 2012 growth forecast for the Philippines amid a deteriorating global economic environment, choosing not to follow upgrades announced by two other multilateral lenders.

The National Economic and Development Authority (Neda) is upbeat on the country’s economic prospects in the years ahead, expecting the Philippines to scale even greater heights.

ANOTHER multilateral institution has raised its Philippine growth forecast amid global uncertainties that have prompted reduced estimates for the region. Rural projects identifiedWorld Bank raises Philippine growth outlook for 2012Job creation should focus on dev’t payoffsIMF, WB seen tackling pressing issuesOxford Business Group — Charles Colon: “Mobile market growth in the Philippines”

The Asian Development Bank made an upward revision in its 2012 economic growth forecast for the Philippines, to 5.5 percent from its earlier projection of 4.8 percent due to the economy’s strong first half performance.

MULTINATIONAL financial services firm Citi sees the Philippines’ gross domestic product (GDP) growing by 5 percent to 5.3 percent, which is as at the low end of the government’s target, this year.