2 think tanks: Growth to be off-target in Q4
THE country’s economic growth will fall short of expectations in the last quarter of the year as Filipinos continue to struggle with high inflation.
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Inflation rate
7 posts
DOF may extend low tariff rates on 4 key food items
THE Department of Finance (DOF) is mulling over extending the reduced tariff rates on four commodities, which includes rice and pork, to keep the country’s inflation rate in check.
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Rice price hike may dampen momentum to tame inflation
Rice may again be the cause of higher inflation in the coming months as Philippine Statistics Authority (PSA) data showed that prices returned to levels that were seen prior to the implementation of a law that sought to bring down the price of the staple.
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State of PHL ‘sound, improving’—Marcos
SHUNNING critics’ observations of bleak economic prospects since last year, President Ferdinand R. Marcos Jr. reported in his second State of the Nation Address (SONA) on Monday that the government was able to successfully “revive and rejuvenate” the country’s economy.
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June inflation slows to 5.4%; El Niño a risk
EL Niño is now considered one of the major upside risks to inflation in the next few months, according to the Bangko Sentral ng Pilipinas (BSP) and the National Economic and Development Authority (Neda).
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Think tank flags PHL risks despite good Q1 growth
WHILE gross domestic product (GDP) data from the Philippines beat Oxford Economic’s expectations in the first quarter of 2023, the think tank said its tracker continues to soften, pointing to a significant weakening in growth due to poor export performance and delayed impact of a sharp monetary tightening.
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BSP sees inflation within target range by September
THE Bangko Sentral ng Pilipinas (BSP) expects the country’s headline inflation to be within its target range as early as September, as the increase in prices of goods and services continues to ease.
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