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DOF scores anew private sector analysts

The Department of Finance (DOF) said that most private sector institutions have overshot their September inflation forecasts, noting that analysts appeared to have expected the worst last month.

In a statement, the DOF said on Monday, Oct. 11, that analysts from the private sector had a median i ....

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Private sector off on September 2021 inflation projections

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. ( ....

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Base effect-driven rebound expected in Q2; recovery path uncertain — poll

Base effect-driven rebound expected in Q2; recovery path uncertain — poll
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PH economic slump to soften in Q1 — poll

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. ....

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