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Mar 7, 2024 · Focusing on factors that could unlock growth in its seven critical sectors and themes, while adapting to the macro-economic scenario that plays out, would allow the Philippines to materialize its growth potential in 2024 and take steps towards achieving longer-term, sustainable economic growth.
2 days ago · The earnings for Filipino listed companies have grown 21% per year over the last three years. Revenues for these companies have grown 18% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
- Strong Growth in Early 2022
- Deteriorating Current Account Deficit
- Rising Inflation Pressures
- Philippines Economic Outlook
The Philippines economy has shown strong growth momentum during2022, with GDP growth rising to 7.6% y/y in the third quarter of2022. The easing of domestic COVID-19 restrictions during 2022 hasallowed the rebound of household consumption spending, which helpedto drive strong economic growth. Household consumption expendituregrew by 8.0% y/y in the ...
Merchandise exports have continued to record strong expansion,rising by 13.2% y/y in November 2022, showing resilience to theimpact of the slowdown in mainland China, which is a key exportmarket. An important driver for merchandise exports has beenelectronics exports, which rose by 22.9% y/y in November,accounting for 64% of total merchandise expor...
During 2022, inflation pressures have been rising in thePhilippines, with higher energy prices having been a key factorpushing up the CPI inflation rate. Both average cost burdens andoutput charges rose markedly during 2022. However, according torecent S&P Global Philippines Manufacturing PMI surveys, therehas been some easing of price pressures du...
Despite the impact of the COVID-19 Delta wave in the second halfof 2021, GDP growth for calendar 2021 rebounded to 5.6% y/y. Stronggrowth momentum has continued in 2022, at a pace of over 7% y/y inthe second and third quarters of the year. Easing of pandemic-related travel restrictions during 2022 hasalso allowed a gradual reopening of domestic and...
Dec 22, 2023 · The Philippines economy has continued to show strong recovery from the COVID-19 pandemic during 2023, with GDP growth strengthening to a pace of 5.9% y/y in the third quarter of 2023, compared with GDP growth of 4.3% y/y in the second quarter of 2023.
Jan 26, 2023 · The Philippines has recorded its strongest economic growth in more than 40 years, defying a global slowdown and rising inflation after lifting all pandemic restrictions at the end of last...
- Mercedes Ruehl
Mar 10, 2023 · The Philippines economy grew at a pace of 7.6% in 2022, the fastest rate of economic growth recorded by the Philippines since 1976. The rapid pace of economic expansion was driven by strong growth in household consumption as well as gross capital formation.
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Mar 7, 2023 · Key challenges face the country: significantly high unemployment numbers; a high inflation rate (forecast to reach 5.1 percent in 2023); rising policy rates; import and export bottlenecks; and the declining strength of the Philippine peso against the American dollar. 1.
