World Bank trims forecast Ph growth further to 5.6 percent
The World Bank who in September this year recalculated the country's growth path at a slower pace of 5.7 percent in terms of local output expansion, has trimmed its forecast further to 5.6 percent.
Asia-Pacific countries seen posting accelerated growth this year
Asia and Pacific countries like the Philippines are seen collectively pushing local output growth, measured as the gross domestic product (GDP), averaging higher than global output growth at 4.6 percent this year, according to the latest Regional Economic Outlook published by the International Monetary Fund (IMF).
Manila exercises good neighbor policy and contributes to IMF’s subsidy fund
Although the Philippines has to deal with the economic scarring dealt on countries by the pandemic just like everyone else, the $404 billion southeast...
Monetary board green lights $2.7 billion 3Q government borrowing plan
The monetary board of the Bangko Sentral ng Pilipinas (BSP) on Friday approved the government plan to borrow $2.7 billion more from overseas creditors in the quarter ending September this year.
Manila emerges from Article IV consultations “strong” post-pandemic
The Philippines is adjudged to have emerged from the pandemic on strong economic footing based on the preliminary assessment of a four-man visiting team from the International Monetary Fund (IMF).
