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(Eagle News) — The Asian Development Bank forecast a “strong growth” for the Philippine economy for 2017 and 2018, with inflation predicted to pick up, and current account expected to post a surplus. The Manila-based lender pegged Gross Domestic Product growth for 2017 at 6.4 percent, and for 2018 at 6.6 percent. In 2016, ADB said the Philippine economy posted a 6.8-percent growth, buoyed by domestic demand. It said in that same year, private consumption […]
by Allison JACKSON Agence France Presse BEIJING, China (AFP) — China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according to the median forecast of 12 analysts polled by AFP. That follows a better-than-expected increase of 6.9 percent in the […]
(Eagle News) — Members of President Rodrigo Duterte’s Cabinet presented before the international media the economic development system of Philippine government, called “Dutertenomics,” during the World Economic Forum (WEF) in Phnom Penh, Cambodia’s capital on Thursday. The Cabinet members all made their pitch to promote the major infrastructure projects under the program “Build, Build, Build” that they said would create more jobs and more business opportunities for the Philippines. “Our milestones are ambitious. We will spend five to seven percent […]
TOKYO, Japan (AFP) — Japan’s economy expanded by a revised 0.3 percent in the last quarter of 2016, government data showed Wednesday, as company investment and a weaker yen propped up growth. The latest GDP figure was marginally higher than an initial estimate of 0.2 percent growth in the October-December period, but lower than market expectations for a 0.4 percent expansion. It marked the fourth straight quarter of expansion in the world’s third-largest economy. For […]
(Eagle News) — The Philippine economy grew a solid 6.8 percent in 2016, surpassing even China, and considered one of the fastest rates in Asia last year. Data provided by the Philippine Statistics Authority showed that the Philippine economy was even faster that China (6.7 percent), and Vietnam (6.2 percent) reflecting the fastest Gross Domestic Product growth in Asia. Finance Secretary Carlos Dominguez III said that this proved that the economy is in “pretty good […]
(Eagle News) – Masayang tinanggap ng Malacañang ang positibong pagtaya ng International Monetary Fund (IMF) sa takbo ng ekonomiya ng bansa ngayong taon. Una nang inihayag ni IMF Resident Representative to the Philippines Shanaka Jayanath Peiris na naniniwala silang makakamit ng Pilipinas ang target nitong Gross Domestic Product (GDP) na 6.8% ngayong 2017 dahil sa matatag na fiscal spending ng bansa. Sinabi ni Presidential Spokesman Ernersto Abella, magiging posible ito sa pamamagitan ng mas pinalakas […]
(Eagle News) — The country’s Gross Domestic Product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016, which comprised the first three months of the administration of President Rodrigo Duterte, according to the Philippine Statistics Authority. The growth in the Philippine economy was notable as it was higher than the growth rates of 7.0 percent in the second quarter of 2016, and 6.2 percent in the third quarter of 2015. With […]
Tokyo, Japan (AFP) — Japan’s economy grew more than expected in the third quarter as exports offset slack consumer spending, official data showed Monday. The world’s third largest economy expanded 0.5 percent quarter-on-quarter between July and September, for an annualized 2.2 percent expansion in Gross Domestic Product (GDP), the Cabinet Office said. The market had forecast a slower 0.2 percent growth rate, or an annualized expansion of 0.8 percent. Japan’s economy contracted in the last three months […]
(Eagle News) — The Philippine economy grew 5.8 percent in 2015, which was below the earlier government growth target of 7-8 percent. “The acceleration of growth from the first quarter to fourth quarter has been very encouraging, bringing the average full-year growth to 5.8 percent. Though this is lower than what we targeted for the year, this growth is respectable given the difficult external environment, the onset of El Nino, and the challenges in […]
MANILA, Philippines — Malacanang said it remains optimistic that it could achieve the 6.5 percent gross domestic product (GDP) growth target for the year, despite slower economic growth in the third quarter. In a press briefing in Malacañang, Presidential Communications Operations Office Secretary Herminio Coloma, Jr. said they remain hopeful that the country’s economy would rebound in the fourth quarter. Quoting National Economic and Development Authority (NEDA) Director General Arsenio Balisacan, Coloma said the administration’s […]
