Live Breaking News & Updates on Ontinued Economic Re Opening That Boosts Employment Growth

Jonathan Kho, Standard Chartered Bank economist for Asia and the Philippines(Photo from Standard Chartered Bank) MANILA - The Philippine economy is seen to have expanded by 5 percent in 2021 and is forecast to grow by 7.5 percent this year, an economist of Standard Chartered Bank said Friday. Both gross domestic product (GDP) projections are within the inter-agency Development Budget and Coordination Committee's (DBCC) assumption of a 5 percent to 5.5 percent expansion for last year and a 7 percent to 9 percent assumption for 2022. In a virtual briefing, Jonathan Kho, Standard Chartered Bank economist for Asia and the Philippines, said the projected quarter-on-quarter output for the last quarter of 2021 is 6.5 percent, higher than 3.8 percent from July to September that year. Kho said their growth projection for the domestic economy this year is higher than the previous forecast of 6.5 percent, attributing it to base effects, continued economic re-opening that boosts employment gro ....

Jonathan Kho , Bangko Sentral , Coordination Committee , Philippine Statistics Authority , Standard Chartered Bank , Development Budget , Statistics Authority , Monetary Board , Tandard Chartered Bank Economist For Asia And The Philippines Photo From Standard Manila Philippine Economy Is Seen To Have Expanded By 5 Percent In 2021 Forecast Grow 7 This Year , N Economist Of Standard Chartered Bank Said Friday Both Gross Domestic Product Gdp Projections Are Within The Inter Agency Development Budget And Coordination Committee 39s Dbcc Assumption Ofa 5 Percent To Expansion For Last Year Anda 7 9 2022 Ina Virtual Briefing , Jonathan Kho , Tandard Chartered Bank Economist For Asia And The Philippines , Aid The Projected Quarter On Output For Last Of 2021 Is 6 5 Percent , Igher Than 3 8 Percent From July To September That Year Kho Said Their Growth Projection For The Domestic Economy This Is Higher Previous Forecast Of 6 5 , Ttributing It To Base Effects , Ontinued Economic Re Opening That Boosts Employment Growth , Fiscal Consolidation , Nd Accommodative Monetary Policy He Said They Expected Stronger Economic Recovery Last Year But The Delta Variant Of Coronavirus Disease 2019 Covid 19 Greatly Affected Region Quot Philippines Was Also Hit , Specially In Q2 But After That , E Sawa Pretty Strong Recovery In Q3 So Just On The Basis Of That , Di Think , N The Back Of Lower Base Effect In 2021 , S Well As , He Pretty Strong Recovery We Saw In Q3 And Probably Going Forward , Ur Growth Forecast Was Revised Higher To 7 5 Percent , Uot He Said The Domestic Economy Snapped Froma Five Quarter Contraction Starting In Second Of 2021 When It Posteda Growth 12 Percent ,