PH growth seen easing to 3% in Q1

Credit to Author: Anna Leah E. Gonzales| Date: Fri, 01 May 2020 16:56:32 +0000

Philippine economic growth likely eased to 3 percent in the first quarter of 2020 on the back of reduced domestic demand and lower tourist arrivals as a result of the enhanced community quarantine (ECQ) the government imposed to contain the spread of the coronavirus disease 2019 (Covid-19), according to Capital Economics. In a report on […]

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‘PH growth likely slowed in Jan-Mar’

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 30 Apr 2020 17:01:17 +0000

The coronavirus disease 2019 (Covid-19) pandemic and the severe restrictions the government imposed to curb it most likely slowed Philippine economic growth in the first quarter of 2020, according to ANZ Research and Security Bank Corp. In a report on Thursday, ANZ Research projected the country’s GDP to have grown by 4.6 percent in January […]

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RCBC cuts PH growth outlook to -1.5-0.5%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 29 Apr 2020 16:34:00 +0000

THE Rizal Commercial Banking Corp. (RCBC) further trimmed its growth estimate for the Philippine economy this year to between -1.5 and 0.5 percent after taking into account the impact of the Luzon-wide enhanced community quarantine (ECQ) on the country’s economic activities. The forecast is a downgrade from the Yuchengco-led lender’s previous gross domestic product (GDP) […]

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‘Negative’ economic growth seen in 2020 as Covid-19 ravages PH

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Sun, 19 Apr 2020 08:41:29 +0000

THE ongoing coronavirus disease 2019 pandemic could drag Philippine economic growth to “low single-digit or even negative levels” this year, analysts said. Rizal Commercial Banking Corp. (RCBC) economist Michael Ricafort, in a report, projects “a range of -1 to +1 as a result of sharply reduced business and economic activities during the enhanced community quarantine (ECQ) […]

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S&P, Fitch unit further trim PH growth outlook

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 23 Mar 2020 17:10:51 +0000

S&P Global Ratings and a Fitch Group unit both cut their growth forecasts for the Philippine economy this year on the back of the disruptions brought by the spread of the coronavirus disease 2019 (Covid-19) in the country. In separate reports released on Monday, S&P and Fitch Solutions said they now estimate the country’s gross […]

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EIU sees 2020 global economic growth at 2.9%

Credit to Author: The Manila Times| Date: Thu, 27 Feb 2020 07:00:04 +0000

THE Economist Group’s research arm believes that global economic growth will stay at decades low this year. In a report, The Economist Intelligence Unit (The EIU) estimates global economic growth at 2.9 percent, matching the expansion rate recorded in 2019. “We expect economic growth in the developed world to slow in 2020, driven by a […]

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AMRO: 2020 PH growth to hit 6.4%

Credit to Author: Lisbet K. Esmael| Date: Tue, 25 Feb 2020 17:04:04 +0000

PHILIPPINE economic growth is forecast to pick up to 6.4 percent this year on the back of increased government spending, according to the Asean+3 Macroeconomic Research Office (AMRO). In a statement on Tuesday, the regional macroeconomic surveillance organization said the country’s economy would rebound despite gross domestic product registering an eight-year-low of 5.9 percent in […]

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S&P cuts PH growth forecast to 6.1%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 19 Feb 2020 17:37:23 +0000

S&P Global Ratings has trimmed its growth outlook for the Philippine economy this year as it believes the coronavirus disease 2019 (Covid-19) outbreak will weaken the country’s supply chains. The credit rating agency now projects Philippine gross domestic product (GDP) to expand by 6.1 percent, lower than its previous forecast of 6.2 percent. The updated […]

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India’s Coal Future Hinges on Advanced Ultrasupercritical Breakthroughs

Credit to Author: Sonal Patel| Date: Thu, 06 Jun 2019 13:49:47 +0000

India is striving to conserve coal and slash its carbon emissions. The country which depended on coal for 56% of its total capacity of 356 GW as of May 2019, wants to reduce coal’s share to 45% of a planned capacity expansion to 480 GW by the end of 2022. During that period, it will […]

The post India’s Coal Future Hinges on Advanced Ultrasupercritical Breakthroughs appeared first on POWER Magazine.

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Budget delay blamed for 4-year low GDP growth, recovery seen

Credit to Author: ggaviola| Date: Thu, 09 May 2019 15:49:46 +0000

MANILA, Philippines – Malacañang on Thursday blamed the delay in the approval of the P3.7-trillion 2019 national budget for the four-year low Philippines’ economic growth.

The post Budget delay blamed for 4-year low GDP growth, recovery seen appeared first on Inquirer News.

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