Projections

by Lawrence Agcaoili (The Philippine Star), 4 Aug 2021 MANILA, Philippines — The reimposition of stricter lockdown and quarantine measures in the National Capital Region (NCR) starting Friday could further dampen the recovery prospects of the Philippines from the pandemic-induced recession, according to Moody’s Investors Service.

by Lawrence Agcaoili (The Philippine Star), 28 Jul 2021 MANILA, Philippines — The International Monetary Fund (IMF) has lowered its economic growth forecast for member countries of the Association of Southeast Asian Nations (ASEAN-5) as the recent high COVID-19 infection rates continue to dampen the region’s recovery from the pandemic-induced recession.

by Ben O. de Vera, 27 Jul 2021 President Duterte’s final year in office became doubly challenging as the COVID-19 crisis reversed much of the prepandemic gains made toward the administration’s goals to sustain robust economic growth, reduce joblessness and move up to upper-middle income country status.

by Louise Maureen Simeon (The Philippine Star), 21 Jul 2021 MANILA, Philippines — Manila-based Asian Development Bank (ADB) is keeping its economic growth outlook for the Philippines at 4.5 percent this year amid a sea of downgrades in Southeast Asia due to the resurgence of COVID-19 cases.

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 15 Jul 2021 After a rough start this year, the Philippine economy is seen regaining lost ground and is likely to attain a full-year growth of 5-6 percent, in turn perking up corporate earnings and stock prices.

by Ian Nicolas Cigaral (Philstar.com), 12 Jul 2021 MANILA, Philippines (Update 1, July 13, 2021 9:23 a.m.) — The Philippines’ hard-earned credit rating that the Duterte administration tried to protect by limiting pandemic spending is now at risk of being downgraded, as the health crisis is seen leaving deep economic scars.

By Ben O. de Vera, 8 Jul 2021 Growth forecasts for the Philippines collected by Barcelona-based FocusEconomics showed below-target consensus expectations averaging 5.6 percent for 2021, mainly due to sluggish mass vaccination against COVID-19.

Increased dependence on technology, new concepts of identity, a demand for real experiences and a rise in consumer rating are some of the top priorities of consumers in the next 10 years, according to the Dentsu Consumer Vision 2030: The Age of Inclusive Intelligence, a futuristic study by global marketing services group Dentsu International.

(The Philippine Star), 25 Jun 2021 MANILA, Philippines — S&P Global Ratings has lowered anew its 2021 gross domestic product (GDP) growth forecast for the Philippines to six percent as the reimposition of strict lockdowns further restricted economic activity.

by Lawrence Agcaoili (The Philippine Star), 17 Jun 2021 MANILA, Philippines — The International Monetary Fund (IMF) now expects a slower economic recovery for the Philippines this year as it slashed its gross domestic product (GDP) growth forecast to 5.4 percent amid delays in vaccinations and the resurgence of COVID-19 cases.

BSP Governor Benjamin Diokno on inflation: Our latest inflation forecast is likely to settle at 3.9% in 2021 & 3% in 2022. Both within the 2 to 4% target range. pic.twitter.com/g0HuJB0MYk — Warren de Guzman (@wddeguzman) June 15, 2021

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by Louise Maureen Simeon (The Philippine Star), 11 Jun 2021 MANILA, Philippines — London-based Oxford Economics further slashed its growth forecast for the Philippines to 4.5 percent this year, among the lowest projections for the country, due to a weaker-than-expected performance in the first quarter and slim prospects of recovery in the second quarter.

By Melissa Luz Lopez, CNN Philippines, 8 Jun 2021 Metro Manila (CNN Philippines, June 8) — The Philippine economy will record an even slower economic growth this year following a steep crash in 2020, the World Bank said Tuesday.

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by Lawrence Agcaoili (The Philippine Star), 31 May 2021 MANILA, Philippines — S&P Global Ratings expects the inflow of foreign direct investments (FDI) into the Philippines to recover this year after declining for three straight years.

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by Lawrence Agcaoili (The Philippine Star), 25 May 2021 MANILA, Philippines — The Philippines may return to pre-pandemic level of economic output only by the end of next year, making it the laggard in the region as the country continues to grapple with the COVID-19 outbreak, according to Moody’s Analytics.

by Czeriza Valencia (The Philippine Star), 19 May 2021 MANILA, Philippines — Economic managers lowered economic growth expectations for this year, taking into account the emergence of new COVID-19 variants and the reimposition of strict lockdown in the National Capital Region and four nearby provinces or NCR Plus in the second quarter of the year.

by Louise Maureen Simeon (The Philippine Star), 3 May 2021 MANILA, Philippines — Businesses all over the globe have become more optimistic as COVID-19 vaccines are rapidly deployed, but many remain cautious with the virus proving to be unpredictable.

By Louise Maureen Simeon(Philstar.com), 23 Apr 2021 MANILA, Philippines — A global think tank expects the Philippines to suffer the most from the pandemic in Asia-Pacific as its continued failure to control COVID-19 infections is making a huge dent on the economy.

By Ben O. de Vera, Philippine Daily Inquirer, 12 Apr 2021 While most other multilateral institutions had slashed their respective 2021 gross domestic product (GDP) growth forecasts for the Philippines, the Washington-based International Monetary Fund (IMF) even raised its projection to 6.9 percent from 6.6 percent previously.

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by Ian Nicolas Cigaral (Philstar.com), 26 Mar 2021 MANILA, Philippines — Failure to control a renewed spike in coronavirus infections has dampened World Bank’s growth prospects for the Philippines, with the economy seen regaining less ground this year due to delays in mass vaccinations and underspending.

The @WorldBank today cuts its 2021 economic growth forecast for the Philippines to 5.5% from the 5.9% it last tipped during its December review. But it raised its growth projection for 2022 to 6.3% from 6% previously. @cnnphilippines — Lois Calderon (@Lois_Calderon) March 26, 2021

By CAI ORDINARIO, Businessmirror, 22 Mar 2021 THE President’s economic team may have miscalculated the situation when they recommended loosening mobility restriction in their bid to boost the economy, according to economists.

by Ian Nicolas Cigaral (Philstar.com), 16 Mar 2021 MANILA, Philippines — The Philippines’ return to pre-pandemic level is likely to come 3 months earlier next year, but growth that would make that happen will do little to salvage the country from being Asia Pacific’s laggard.

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by Louise Maureen Simeon (The Philippine Star), 15 Mar 2021 MANILA, Philippines — A surge in COVID-19 cases, which has prompted the government to impose localized lockdowns anew to contain the spread of the virus, paints a dark picture of the future of the Philippine economy, according to a London-based think tank.

by Louise Maureen Simeon (The Philippine Star), 12 Mar 2021 MANILA, Philippines — After suffering the worst contraction in decades last year, the Philippine economy is expected to grow by as much as eight percent this year, well above government targets, according to Oxford Economics.