BPI: Q4 GDP growth likely at 5.8%
The Bank of the Philippine Islands (BPI) believes the economy in the fourth quarter of 2024 grew by 5.8 percent, citing increased government spending.
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Daily TribuneTopic
The Bank of the Philippine Islands (BPI) believes the economy in the fourth quarter of 2024 grew by 5.8 percent, citing increased government spending.
· 2 min read
Resilient amidst challenges: The Philippines' economic journey in 2024
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The Philippine economy grew by 5.8 percent during the first three quarters of 2024, falling short of the government’s target of 6.5 to 8.0 percent. Despite…
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The tourism industry contributed 8.6 percent of gross domestic product (GDP) in 2023, mirroring its significance to the national economy.
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Philippines maintains strong momentum as Southeast Asia’s economic powerhouse, overcoming global challenges with resilience and robust growth.
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The anticipated growth is further fueled by rising household consumption, supported by improved employment, steady remittance inflows, and election spending.
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‘Sustained net inflows from the financial account will continue to buoy the overall BoP outlook this year.’
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The P6.326-trillion national budget for 2025 is the government’s most powerful tool to deliver the biggest economic benefits to Filipinos, assuring the…
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‘A potential increase in US tariffs poses risks to export economies in the region. However, we do not expect such measures to immediately strain sovereign…
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‘Economic growth is not just about numbers — it’s about ensuring that Makatizens feel the difference. With a stronger economy, we’ve been able to improve…
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Makati City reaffirmed its position as the Philippines’ leading economic hub with 6.3-percent GDP growth in 2023, reaching P1.18 trillion, according to the…
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‘A weak Q3 outturn had been a result of several temporary, weather-related factors. We expect growth to pick up in Q4, supported by stronger domestic demand…
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A low-pressure area across the Pacific Ocean might intensify into a tropical depression, the state weather bureau said this Sunday.
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Still, that projected Philippine GDP loss is much less gloomy than Vietnam’s 30 percent, Indonesia’s 27 percent, and India’s 25 percent, according to ADB…
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The country's economy grew faster than expected in the third quarter due to better public spending amid a high inflation rate, the Philippine Statistics…
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The Department of Tourism recently formally signed a partnership with the Department of Information and Communications Technology to introduce and further…
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The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest…
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The Philippines’ debt-to-GDP ratio -- 63.7 percent in the third quarter from 62.1 percent in the second quarter - remains 'very manageable' compared to other…
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