The country’s economic growth for the first quater of 2015 slowed down to a three-year low of 5.2% which is considered as well below forecasts, due to lethargic government spending and weak exports according to government officials who released the latest Philippine economic growth report this year. The growth rate this year was lower than … Read more
The Philippines will be the second fastest-growing economy in the world for the year 2015, second only to China according to the latest Bloomberg survey of economists. Based upon the survey the Philippines and China will be the only two economies out of 57 included in the report that will grow 6 percent or more … Read more
The Philippine economy grew 5.7% during the first quarter of 2014, slightly lower than expected growth according to market expectations. The main reasons for the slower growth of the Philippines is because of the major devastation brought about by super typhoon Yolanda. Although the country posted a slightly lower growth, the Philippines still ranked as … Read more
According to the latest report posted by IHS, a leading provider of global market and economic information, the Philippine economy is projected to hit $1.2 trillion in 16 years or by the year 2030. Rajiv Biswas, Asia-Pacific chief of economist at IHS was quoted as saying “The Philippines economy has undergone a remarkable transition from … Read more