Hitting a record-high of P7.3 trillion at the end of 2018, the country’s debt has posted a 9.6 percent increase from 2017, but the steady economic growth has raised the government’s capacity to pay these debts. Accounting for the 65.5...
Although a double-digit growth in both exports and imports is predicted by the Standard Chartered Bank, it is said that the Philippines would still continue to book a trade deficit next year. StanChart economist for Asia, Chidu Narayanan said that...
MANILA, Philippines- Compared with the past five presidents of the Philippines, the country’s gross domestic product (GDP) growth under the Duterte administration’s first full year is the highest. From 6.4 percent in the first quarter of 2017, the Philippines’ GDP...
MANILA, Philippines- Despite various issues haunting the Duterte administration, the economy of the Philippines remains robust and vibrant and has even ranked as the 10th fastest growing economy in the world, based on World Bank’s latest edition of Global Economic...
Economic growth forecast for 2015 and 2016 has gone slightly down to 5.7 percent from 6 percent and 6.2 percent from 6.3 percent respectively. Despite these changes, the country's economic outlook is still one of the strongest in the region...
The World Bank remains firm in its forecast that the Philippine economy will most likely grow by 6.4 percent this year, according to its Global Economic Prospects report released early January. The projected economic growth cites public-private projects speedy implementation...