Recovering domestic demand and a supportive external environment drove the 8.3 percent growth in the first quarter of 2022. The industry and services sectors expanded on the back of loosening mobility...
New Coronavirus disease 2019 (COVID-19) cases have continued to decline in the Philippines, prompting the government to ease restrictions in more localities. The easing of restrictions has boosted domestic...
The Russia-Ukraine war has rattled investor sentiment, immediately impacting the local stock and foreign exchange markets. While inflation remained steady in February, fuel prices have further risen prompting...
The economy sustained its growth performance in Q4 2021, ending with a full-year growth of 5.6 percent. This positive news, along with the rapid decline in COVID-19 cases following an Omicron-led surge...
Typhoon Odette devastated Central Philippines in late December, resulting in damages in infrastructure and agriculture, and disruption in vaccination efforts. COVID-19 cases have surged again due to the...
The vaccination rate accelerated in early December following the successful 3-day national vaccination drive. The authorities further loosened mobility restrictions as daily cases continued to decline...
COVID-19 (coronavirus) cases continued to decline from the peak in September, allowing the authorities to relax mobility restrictions in areas with high vaccination rates. In the third quarter of 2021...
COVID-19 (coronavirus) cases in the Philippines appeared to have peaked in September. Vaccination rate has reached 80 percent of the adult population in Metro Manila by mid-October, in contrast to about...
COVID-19 (coronavirus) cases have reached new highs due to the more transmissible Delta variant. The authorities in turn announced stricter quarantine measures in key metropolitan areas. The new mobility...
COVID-19 (coronavirus) cases in the Philippines have surged since mid-July amid the local transmissions of the highly infectious Delta variant. The authorities responded by re-imposing enhanced community...
COVID-19 cases in the Philippines appeared to have stabilized in June, albeit at a higher level compared to early 2021. Lower infections in Metro Manila have been offset by higher numbers in the provinces...
The resurgence of COVID-19 cases and reimposition of more stringent quarantine measures held back the early signs of an economic rebound. The downside risk of a resurgence of infection, identified in the...
Manufacturing output and external trade expanded year-on-year in April on the back of favorable base effects. On a monthly basis, however, external trade contracted double-digit from its expansion in March...
The Philippines remained in recession in the first quarter of 2021, driven by the contraction in household consumption and investment. Nevertheless, relative to the previous three quarters, the economy...
Rising COVID-19 (coronavirus) cases and the return to more restrictive quarantine measures continued to dampen market sentiments. Manufacturing output and exports contracted in February, while the stock...
Mobility restrictions continued to dampen domestic activity, with total net job losses reaching 1.3 million between January 2020 and January 2021. Domestic demand remains muted, resulting in the contraction...
This Philippines monthly economic developments newsletter for February 2021 includes the following information: the Philippines recorded its worst recession in post-war history as the economy contracted...
The Philippine economy continues to suffer from the impact of the COVID-19 (coronavirus) crisis. Domestic demand has remained muted, resulting in the continued contraction in manufacturing activities and...
The Philippine economy contracted by 10.0 percent, year-on-year, in the first three quarters of 2020, given the triple shock brought by the Coronavirus disease (COVID-19) pandemic. COVID-19 delivered a...
This Philippines monthly economic developments newsletter for the Month of December 2020 includes the following headlines: the unemployment and underemployment rates declined in October; weak domestic...