2024EconomicOutlook

Philippine Economic Growth Slows to 5.2% in Third Quarter: What It Means for the Nation

2 months ago

The Philippine economy experienced a deceleration in growth during the third quarter of 2024, recording a rate of 5.2%, according to the latest data released by the Philippine Statistics Authority. This marks a notable decline from the robust 6.5% annual growth seen in the previous quarter and falls short of initial forecasts that anticipated a growth spurt of about 5.8% to 6.0% for this period. Analysts and economists are now reflecting on the implications of this downturn as various internal and external factors come into play.

China's Export Surge Signals Economic Recovery Amid Stimulus Measures

2 months ago

China's economy is experiencing notable momentum, driven largely by a significant increase in export activity, which is being bolstered by government stimulus measures. Recent reports indicate that the nation’s export growth remains robust, contributing positively to the overall economic landscape.