THE country’s recent employment gains may have allowed the Philippine economy to grow above 6 percent in the last quarter of 2023, according to a local economist. On the sidelines of a recent economic briefing, University of Asia and the Pacific (UA&P) economist Victor A. Abola said growth may have…
LOWER tariffs for rice, corn, coal and pork are the key factors that would keep inflation stable this year and next year, according to an economist from The Hongkong & Shanghai Banking Corp. Ltd. (HSBC). HSBC Economist for Asean Aris Dacanay told reporters last Wednesday that without the extension of…
THE Philippines may not have the “best jobs in the world,” but more household members working will boost incomes and grow its economy, according to an expert from HSBC. In a briefing with reporters on Wednesday, HSBC economist for Asean Aris Dacanay said there are now 3 million more Filipinos…
THE Philippines is not expected to meet its growth targets any time soon as the World Bank downgraded its GDP outlook for the country for 2024 and 2025. In its January 2024 Global Economic Prospects (GEP) report, the Washington-based lender said the Philippine economy is expected to post a growth…
POOR households bore the brunt of the recent uptick in rice prices, accounting for a big chunk of the inflation they experienced in December 2023, according to the Philippine Statistics Authority (PSA). Inflation for All Income Households slowed to 3.9 percent in December 2023 and averaged 6 percent in 2023.…