Projections

ECONOMIC managers and business leaders see a strong finish to 2012 across all sectors despite the persistent global slump, with their attention now turning to the creation of a sustainable growth path for following years.

MANILA, Philippines – The Philippine economy could grow by almost six percent this year, thanks to improving business optimism despite a series of destructive storms in recent months, a top official of the National Economic and Development Authority (NEDA) said yesterday.

MANILA – (UPDATED 11;54 a.m.) The Philippine economy is likely to grow at the upper end of the government target this year, the National Economic and Development Authority said on Monday.

MANILA – The Philippine economy could grow by almost six percent this year thanks to improving business optimism despite a series of destructive storms in recent months, officials said Monday.

Economists Romeo L. Bernardo and Margarita D. Gonzales, in a Sept. 11, report upgraded their full-year gross domestic product (GDP) growth to 5.8% from 5.5%, near the high end of government’s 5-6% target.

SINGAPORE-based DBS Ltd. again upgraded its 2012 gross domestic product (GDP) forecast for the Philippines, but lowered the outlook for next year’s economic expansion. In its daily research note called Daily Breakfast on Monday, DBS said it now expects the Philippine economy to grow by 5.6% this year from a previous outlook of 5.3% “on…

MANILA – The Philippines is capable of hitting the high end of its economic growth projection for this year of 5 percent to 6 percent, but this growth assumption should have been accompanied by higher revenues that could have bolstered spending for this year, the Congressional Policy and Budget Research Department said.

SWISS FINANCIAL services firm UBS AG has hiked its 2012 growth forecast for the Philippines to 5.8% after the economy remained strong in the second quarter. “Philippine real GDP (gross domestic product) expanded 5.9% on the year, beating consensus expectations of 5.5% and our own forecast of 3.7%…” UBS said in a research note released…

MANILA, Philippines – Local think tank Global Source Partners (GSP) cut its growth forecasts for the Philippine economy this year and next year due to the slower growth in the second quarter.

The New York Times in a post on Monday said the Philippines is poised to be an ‘economic bright spot in Asia’, citing a young, growing population and improvements in governance and efficiencies as forces driving growth amid a backdrop of tentativeness in the rest of the world.

MARC FABER holds a doctorate in economics and has been forecasting and trading the global markets since the 1970s. Beginning in 1973, he has been based in Asia – first Hong Kong and now living in Chiangmai, Thailand, a city well known by foreign expats for an incredible German microbrewery and very numerous “hostess bars.”…

STRONG GROWTH in developing Southeast Asia is “credit positive,” Moody’s Investors Service yesterday said, with countries such as the Philippines expected to continue posting gains amid lackluster outlooks for other regional economies.

SINGAPORE—Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest economies on a per capita basis by 2050 as the region’s rapid growth boosts wealth creation, a study showed.

The Philippines can achieve a five to six percent nominal gross domestic product (GDP) growth by end of 2012 and six to seven percent by 2013, the Development Budget Coordination Committee (DBCC) predicted.

In grabbing control of the global business process outsourcing (BPO) industry from India, the Philippines may have finally found the key to long-term, sustainable economic growth that will lift the country out of Third World status. Up until two years ago, India had been the world’s biggest BPO provider. While BPO includes service support, sales…

In grabbing control of the global business process outsourcing (BPO) industry from India, the Philippines may have finally found the key to long-term, sustainable economic growth that will lift the country out of Third World status. Up until two years ago, India had been the world’s biggest BPO provider. While BPO includes service support, sales…

MANILA, Philippines – The Philippine economy, as measured by gross domestic product (GDP), could grow anywhere from 4.8 percent to 5.9 percent this year, the Congressional Policy and Budget Research Department (CPBRD) said yesterday.

There is great concern about China’s real-estate and infrastructure bubbles. But these are just short-term challenges that China may be able to spend its way out of. The real threat to China’s economy is bigger and longer term: its manufacturing bubble. By offering subsidies, cheap labor, and lax regulations and rigging its currency, China was…

MANILA, Philippines – The Philippine economy could still grow by five percent to six percent this year despite the difficult global environment, the country’s economic planning chief said yesterday.

ANALYSTS have cast doubt on growth targets the Aquino administration has set for the remainder of its term, describing these as too bullish given uncertainties. Slower export growth expectedPopulation management needed to spur growthPhilippines could be ‘next rising star’Philippines seen better positioned in ASEANEconomic planner sees Q2 growth ‘close’ to 6.4%

With respectable economic growth and benign inflation in the past three years, the National Economic and Development Authority (Neda) said on Wednesday that it was expecting a reduction in poverty incidence in 2012.

MANILA, Philippines – The economy is projected to grow by six to seven percent next year and accelerate to 7.5 to 8.5 percent in 2016, according to Budget and Management Secretary Florencio Abad, citing the latest macroeconomic assumptions approved by the interagency Development Budget Coordination Committee (DBCC).

The International Monetary Fund (IMF) lowered yesterday its 2012 growth forecast for the US, a major trading partner of the Philippines, but the Bangko Sentral ng Pilipinas (BSP) believes that this will have limited impact on the domestic economy.

MANILA, Philippines – The electronics industry has slashed its export growth projection for this year, citing a weak global recovery which could affect demand for shipments. Semiconductors and Electronics Industry of the Philippines, Inc. (SEIPI) president Ernesto Santiago said in a text message yesterday that it had cut its export growth projection to five to…

MANILA, Philippines – British banking giant Hong Kong and Shanghai Banking Corp. (HSBC) expects remittances from overseas Filipino workers (OFWs) growing by 5.4 percent this year.

THE PHILIPPINE ECONOMY grew by 6.4% in the first quarter — way above market expectations as well as the official forecast — amid a “revitalized” service sector, higher exports and a jump in state spending. Growth in real gross domestic product (GDP) was the fastest since the 7.3% seen in the third quarter of 2010.…

MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) yesterday said the Philippines would be the laggard in economic growth among the Association of Southeast Asian Nations-5 (ASEAN-5) this year and in 2013.

MANILA, Philippines – If only the Philippines can tap all of its vast gold resources and reserves, poverty would be completely eradicated, according to the National Statistical Coordination Board (NSCB).

THE PHILIPPINES will likely recover from last year’s sluggish growth amid increased public spending, investments and private consumption but “longstanding structural weaknesses” remain hurdles to achieving inclusive growth, the Asian Development Bank (ADB) yesterday said.

Dr. Bernardo Villegas, one of the high priests of dead-end economics, on March 24 pronounced himself “more bullish than the government in forecasting a GDP growth of 6 to 7 percent for 2012” (Manila Times, “Geared toward faster growth”).