PhilippinesEconomy

Philippines Faces Economic Setbacks in 2024: Key Factors Behind Disappointing Growth

2 months ago

The Philippine economy has encountered significant challenges in 2024, reflecting a disappointing growth trajectory that has raised concerns among analysts and policymakers alike. Following a robust post-pandemic recovery, the country’s economic expansion has slowed notably, highlighting various underlying risks that have surfaced throughout the year.

Philippines Remains Committed to Price Vigilance Despite Achieving Economic Targets

3 months ago

The Philippine government is reaffirming its commitment to ensure price stability in the face of economic challenges, even as it reports that its inflation targets have been successfully met. Economic officials have expressed satisfaction with recent data indicating that inflation rates are within the government’s set goals, yet they remain alert to potential fluctuations that could disrupt the current economic landscape.

Philippine Central Bank Signals Monetary Easing Following Trump Victory

4 months ago

The Philippine central bank has indicated a potential shift towards easing monetary policy in the wake of the recent election results in the United States, where Donald Trump emerged victorious. This unexpected development comes at a critical time for the Philippine economy, which has been navigating myriad challenges, including inflationary pressures and the ongoing aftershocks of the global pandemic.

Philippine Peso Predicted to Weaken Amid Economic Risks, Says BSP Governor

5 months ago

The Philippine peso is under pressure and could potentially decline to as low as 59 to the US dollar if prevailing economic risks escalate, according to Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP). His comments come amid concerns over rising inflation and geopolitical tensions, which could impact financial stability and investor confidence in the country.