EXPLAINER: The state of inflation amid and beyond the PH economy reopening thelasallian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelasallian.com Daily Mail and Mail on Sunday newspapers.
The economic growth forecast for the Philippines has been revised upward for this year as the country’s third quarter economic performance exceeded expectations and as consumption is seen to remain strong in the fourth quarter, according to a survey of the Japan Center for Economic Research.
Base effect-driven rebound expected in Q2; recovery path uncertain — poll cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
PH economic slump to soften in Q1 poll
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Metro Manila (CNN Philippines, May 7) The Philippine economy was estimated to have remained in recession in the first quarter but with a contraction that is milder than three months prior.
A CNN Philippines poll among 10 economists showed a forecast range of -4.5% to 2% for the gross domestic product (GDP) from January to March. This yielded an average projection of -2.82%, easing from -8.3% recorded in the last quarter of 2020. GDP measures the country s economic ouput in terms of goods and services in a given year.
Market watchers mainly noted efforts to reopen the economy during the period, which ended with the government declaring once again tighter lockdown measures in a bid to curb the alarming spike in COVID-19 cases.