The Philippine economy likely grew by above five per cent in 2021, signifying a rebound starting last year after it suffered from its worst post-war recession due to the most stringent lockdowns that shed millions of jobs and shuttered thousands of business in 2020.
MANILA - Most private sector institutions have overshot their September 2021 inflation forecasts, with their median projection at 5 percent, or higher than the actual headline inflation rate of 4.8 percent for the period. Based on a newspaper poll, the Department of Finance (DOF) said only John Paolo Rivera of the Asian Institute of Management (AIM), and Emmanuel Lopez of the Colegio de San Juan de Letran, projected a lower rate of 4.5 percent and 4.7 percent, respectively, while 15 others placed their forecasts between 4.9 and 5.2 percent. Standard Chartered economist Jonathan Koh, and Citi's Nalin Chutchotitham, predicted the September inflation rate to be at 4.9 percent. Philippine National Bank (PNB) vice president and head of Equity Research Division Alvin Joseph Arogo, Sun Life Financial (SunLife)'s Patrick Ella, ING Bank NV Manila senior economist Nicholas Antonio Mapa, Ateneo de Manila University (ADMU) economist Ser Percival Pena-Reyes, Rizal Commercial Banking Corp. (