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By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES’ gross domestic product (GDP) is expected to accelerate this year and in 2026 amid strong domestic demand, the United Nations (UN) said. In its latest World Economic Situation and Prospects report, the UN said it expects the Philippine economy to expand by 6.1% in 2025 and […]
PHILIPPINE financial markets closed mixed on Friday — the last trading day of 2024 — as a volatile year that saw both the main stock index and the peso post multi-month lows came to an end. The bellwether Philippine Stock Exchange index (PSEi) inched down by 0.15% or 10.23 points to end at 6,528.79, while […]
PRIVATE SECTOR ANALYSTS surveyed by the Bangko Sentral ng Pilipinas (BSP) still expect headline inflation to remain within the 2-4% target band until 2026. In its Monetary Policy Report from its October meeting, the central bank said that economists’ inflation expectations “remain well-anchored.” The BSP’s survey of external forecasters for October showed that the mean […]
By Luisa Maria Jacinta C. Jocson and Aubrey Rose A. Inosante, Reporters THE weaker-than-expected economic growth in the third quarter will allow the Bangko Sentral ng Pilipinas (BSP) to continue cutting rates, analysts said, though this outlook is clouded by the Federal Reserve’s own moves under a Trump presidency. “I think the result certainly means […]
By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES’ agricultural production plunged by 3.7% in the third quarter, the steepest decline in nearly four years, the statistics authority said on Wednesday. Data from the Philippine Statistics Authority (PSA) showed the value of production in agriculture and fisheries at constant 2018 prices fell by 3.7% to […]