Economic Contraction

Philippines dramatically slashes 2021 economic growth target due to blockade

Manila: The Philippines lowered its economic growth targets this year, reflecting the effects of blocking the metropolitan area for two weeks to contain the spread of variants of the delta coronavirus, an intergovernmental panel said Wednesday. The Development Budget Coordination Committee (DBCC) said in a statement that this year’s growth …

Read More »

90% of businesses see Japan’s economy grow in 2022

Ninety percent of large Japanese companies expect the country’s economy to grow in 2022, with the hope that the impact of the coronavirus pandemic will ease, an investigation by Kyodo News. The survey of 111 companies, including Toyota Motor Corp. and Sony Group Corp., also showed that companies are increasingly …

Read More »

Mixed | Philstar.com

In another time and in another climate, people would dance in the streets. The economy grew 11.8% in the second quarter of this year. The last time our economy grew on this scale was in the fourth quarter of 1988, when economic expansion was measured at 11.9 percent. This growth …

Read More »

BSP is unlikely to raise rates and lower RRR anytime soon

BANGKO SENTRAL ng Pilipinas is likely to keep interest rates and bank reserve requirements stable in the interim. – NB FILE PHOTO THE CENTRAL BANK will not be raising rates or reducing the reserve requirement ratio (RRR) of banks anytime soon, as the economy’s recovery is only in its “early …

Read More »

Goldman cautiously seeks yield in emerging debt

The hunt for yield is back for emerging market investors, but with some caution. Quasi-sovereign bonds, corporate notes held at least in part by a government, are in vogue for companies such as Goldman Sachs Group Inc. and Barings LLC seeking strong returns amid economic uncertainty. INITIATEDGOLD Subscribe for full …

Read More »

Biden touts hiring hike in July, warns virus remains threat

WASHINGTON – President Biden performed a held victory lap on Friday after receiving the best jobs report in nearly a year, and urged Americans to get vaccinated to prevent a resurgent coronavirus from jeopardizing the economic recovery of the country. country. “My message today is not a celebratory message,” Biden …

Read More »

Goldman Sachs confident in PH’s economic rebound

Global investment firm Goldman Sachs expressed confidence in the Philippines’ resilience and strong positioning against its credit rating peers to recover from the pandemic thanks to low debt burden, account surplus current and robust and sustainable growth over the next two years. He said the recent assertion by Moody’s Investor …

Read More »

In a year of resumption of growth, food production could experience a contraction

Although some parts of the country are affected by devastating floods, monsoons have been erratic and insufficient in many areas. As a result, planting during India’s main agricultural season, kharif, has been slower than in 2020. During this pandemic year, a heavy monsoon and a bumper harvest alleviated economic distress …

Read More »

BSP: rapid and wider vaccination to avoid deeper economic scars

Lawrence Agcaoili (The Philippine Star) – July 24, 2021 – 12:00 am MANILA, Philippines – Rapid and widespread access to vaccines is crucial to preventing deeper economic scars, boosting demand and building confidence amid the emergence of COVID-19 variants in the country, said Benjamin Diokno , Governor of Bangko Sentral …

Read More »

The pandemic recession was the shortest on record in the United States

NEW DELHI: While the Covid-19 pandemic is far from over, as the growing number of cases in various countries sadly illustrates, the recession it has caused in the US economy officially is. For some time, as the official columnist of US economic cycles announced on Monday. According to an official …

Read More »