News

Amro sees 7.4 percent PH economic growth in 2021

MANILA, Philippines—The regional surveillance group Asean+3 Macroeconomic and Research Office (Amro) has projected the Philippines to post faster economic growth of 7.4 percent this year despite a 2020 recession that was worse than expected. Amro’s latest 2021 gross domestic product (GDP) forecast released on Friday (Jan. 29) was higher than the 6.6-percent expansion projected in […]

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PH economy likely rebounded in Q3

The Philippine economy could have rebounded in the third quarter of 2020, but state-imposed physical distancing measures would continue to weigh on its recovery from the coronavirus disease 2019 (Covid-19) pandemic, according to Capital Economics. In a report on Wednesday, the London-based research consultancy firm said the country’s “GDP (gross domestic product) is likely to […]

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Condo demand pushed PH property prices up in Q2 despite pandemic

MANILA, Philippines — Residential real estate prices of various types of new housing units in the Philippines rose by 27.1 percent in the second quarter of 2020 despite the onset of the coronavirus pandemic, based on the latest survey of the central bank – the highest growth rate since the survey began in 2016. In the […]

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PH, Stronger recovery expected in 2021

The Philippines is on its way to a stronger recovery as gross domestic product (GDP) is now seen to grow by 7.8 percent next year instead of the original projection of a 5.2 percent expansion, a unit of credit rating firm Moody’s said. Steven Cochrane, chief economist for Asia-Pacific at Moody’s Analytics, said the Philippines […]

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