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Inflation, LFPR effect: Q3 consumption slows

FILIPINOS trying their best to keep up with rising prices led to the slowest consumption growth in two years, according to local economists. On Thursday, the Philippine Statistics Authority (PSA) announced that the country’s GDP grew 5.9 percent in the third quarter. This was faster than the 4.3 percent growth…

October inflation just at 4 9%, but hints at low growth

SLOWING inflation may be good news for some but this may also indicate weaker demand, thus, lower economic growth, according to local economists. On Tuesday, the Philippine Statistics Authority (PSA) reported that inflation slowed to 4.9 percent in October. This is the slowest rate recorded since April 2022 when inflation…

2nd demographic dividend may fail on learning poverty

ADDRESSING learning poverty will allow the Philippines to attain the second demographic dividend which holds the key to fast economic growth all the way to 2100, according to the National Economic and Development Authority (Neda). Socioeconomic Planning Secretary Arsenio M. Balisacan told reporters on the sidelines of the 61st Philippine…

PES confab to tackle steps toward PH DevPlan success • BusinessMirror

THE Philippine Economic Society (PES) announced that its 61st Annual Meeting and Conference on November 7 to November 8 would look at ways to contribute to a transformed, dynamic and resilient economy in line with the country’s new development blueprint, the Philippine Development Plan (PDP) 2023-2028. “This year, the government aims to steer the country

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