Projections

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.

By: Ben O. de Vera, INQPhilippine Daily Inquirer, 1 Mar 2021 Cash remittance flows to the Philippines would again buck the projected prolonged global downtrend this year and grow by as much as 7 percent to support a rebound in household spending, financial giant Morgan Stanley said.

by Czeriza Valencia (The Philippine Star), 17 Feb 2021 MANILA, Philippines — Despite the fallout from the pandemic, most economies stand to return to their pre-pandemic growth trends by 2023 up to 2024, said London-based think tank Capital Economics.

By: Ben O. de Vera, Philippine Daily Inquirer, 5 Feb 2021 COVID-19 has dialed back some inroads made toward attaining the Duterte administration’s original poverty-reduction and jobs targets, but its chief economist remained confident the ultimate goal to eliminate poverty by 2040 would be achieved despite these pandemic-induced hiccups.

By Andrew J. Masigan, BusinessWorld, 31 Jan 2021 Frequent changes and unrealistic figures have made it difficult to believe the government’s economic forecasts.

By Elijah Felice Rosales, 26 Jan 2021, Businessmirror THE Philippines was the lone economy in Southeast Asia to avoid a contraction in foreign direct investments (FDI) last year, as FDI inflows to the country went up 29 percent in spite of all the challenges posed by the Covid-19 pandemic.

by Ben O. de Vera, Philippine Daily Inquirer, 21 Jan 2021 MANILA, Philippines—If current COVID-19 quarantine restrictions drag on until end of 2021 and mass vaccination lags behind, the Philippine economy cold eke out only a 2.9 percent growth, according to economists at the Ateneo de Manila University on Thursday (Jan. 21).

by Beatrice M. Laforga, 20 Jan 2021 THE PHILIPPINES needs to improve its technical and vocational education to offset the expected loss of 24% of the jobs in the business process outsourcing (BPO) and electronics manufacturing industries by 2030, due to increased automation, the Asian Development Bank (ADB) said.

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by Cai Ordinario, 18 Jan 2021 THE Philippines’s recovery from its “corona coma” could take longer, as the economy will likely post a growth of around 3 percent to 4 percent this year, according to the Ateneo Center for Economic Research and Development (Acerd).

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by Lawrence Agcaoili (The Philippine Star), 7 Jan 2021 MANILA, Philippines — The Philippines is likely to be the last country in Asia-Pacific to fully recover from the pandemic-induced recession, with recovery seen only in the fourth quarter of 2022 while other economies are set to regain all of their lost output by the end…

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by Czeriza Valencia (The Philippine Star), 4 Dec 2020 MANILA, Philippines — The Philippines is expected to remain under a prolonged quarantine next year, with restrictions seen to be removed only in 2022, according to the National Economic and Development Authority (NEDA).

by Louella Desiderio (The Philippine Star ) – 22 Nov 2020 MANILA, Philippines — The Information Technology and Business Process Association of the Philippines (IBPAP) has trimmed its revenue and headcount projections until 2022 due to the pandemic.

by Lawrence Agcaoili (The Philippine Star), 20 Nov 2020 MANILA, Philippines — The Philippines may fully recover from the impact of the pandemic only in the second half of 2022 as the country has to climb out of one of the deepest economic holes in Asia Pacific, according to Moody’s Analytics.

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by Agence France-Presse, 19 Nov 2020 WASHINGTON, United States — The global economy faces a hard road back from the Covid-19 downturn, and nations should remove trade barriers on medical technologies to aid the recovery, the IMF chief said on Thursday.

By: Ben O. de Vera, Philippine Daily Inquirer, 17 Nov 2020 Global financial giant Morgan Stanley is bullish about the Philippines’ strong econo­mic rebound next year against a backdrop of low inflation, the government’s infrastructure development push and the looming availability of vaccines against COVID-19.

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by Daxim L. Lucas, 11 Nov 2020, Philippine Daily Inquirer MANILA, Philippines—Bank lending slowed further in September, the sixth consecutive month of deceleration for this key economic gauge of economic activity, as financial institutions continued to be gun shy on underwriting new loans during the COVID-19 pandemic.

by Louella Desiderio (The Philippine Star), 6 Nov 2020 MANILA, Philippines — The country’s information technology business process management (IT-BPM) industry is unlikely to hit its projected revenue growth goal due to the pandemic. It is set to release results of the review of its targets later this month.

.@BangkoSentral @GovBenDiokno: Philippine economic growth to return to pre-pandemic levels in 2022. "Full recovery will take place in 2022 so we will be a contraction this year, recovery next year, but we will be back to our 2019 GDP by 2022." pic.twitter.com/WRLpTrkcIH — Jon Viktor Cabuenas (@ViktorCabuenas) November 5, 2020

by Lawrence Agcaoili (The Philippine Star), 2 Nov 2020 MANILA, Philippines — Economists of private banks have raised their inflation forecasts for 2020 as recovery starts following the government’s decision to gradually reopen the economy, according to the Bangko Sentral ng Pilipinas (BSP).

by Czeriza Valencia (The Philippine Star), 26 Oct 2020 MANILA, Philippines — Economic output in emerging Asia hit worst by COVID-19 like the Philippines is expected to remain up to 15 percent below pre-pandemic level in the near term, according to the macroeconomy research firm Capital Economics.

by Bilyonaryo, 21 Oct 2020 The Philippine economy is expected to fall by as much as 6 percent this year after the 15-day reimplementation of stricter quarantine measures in Metro Manila and four nearby provinces last August, Finance Secretary Carlos Dominguez III said.

by Ben O. de Vera, Philippine Daily Inquirer, 19 Oct 2020 Despite high COVID-19 cases and a prolonged quarantine, the Philippines’ solid macro fundamentals prepandemic remain attractive to foreign investors, the Department of Finance (DOF) said.