Private sector economists see first-quarter growth hitting 6.2%

The Philippine economy likely grew 6.2 percent year-on-year in the first quarter of 2024, according to economists belonging to the University of Asia and the Pacific and First Metro Investments Corp. Read More

Eastern Visayas maintains 6% economic growth level in 3 years

The Eastern Visayas economy posted 6.4 percent growth in 2023, lower than the previous year’s performance but maintained 6 percent-level growth for three consecutive years, the Philippine Statistics ... Read More

US economic growth slows significantly in first quarter

The world’s biggest economy grew 1.6 percent in the first quarter, the Commerce Department said, missing analysts’ expectations of a larger 2.4 percent rise. This was also a clear slowdown from the ... Read More

U.S. economic growth slows as consumers tighten their belts

The government reported on Thursday that U.S. economic growth slowed dramatically in the first quarter of 2024. Read More

Electronics turns positive

Unit shipments of both PCs and smartphones versus a year ago have turned positive. According to IDC, PC shipments in 1Q 2024 were up 1.5% from 1Q 2023, ... Read More

Philippines digital economy expands by 7.7 percent in 2023

The value of the Philippine digital sector went up by 7.7 percent to P2.05 trillion in 2023 from P1.9 trillion in 2022, according to the Philippine Statistics Authority. However, preliminary data ... Read More

US Economic Growth Slows to 1.6%, Below All Forecasts

U.S. economic growth was slower than anticipated in the first quarter with a gain of 1.6% as consumer and government spending cooled amid a pickup in inflation. Michael McKee breaks down the numbers. Read More