Tag: growth
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Global Electricity Demand To Rise By 4% In 2024 And 2025: Report Highlights Major Growth And Renewable Contributions
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The International Energy Agency (IEA) has released its Electricity Mid-Year Update, forecasting a robust increase in global electricity demand over the next two years. The report predicts that demand will […] The post Global Electricity Demand To Rise By 4% In 2024 And 2025: Report Highlights Major Growth And Renewable…
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ADB keeps PHL growth forecasts unchanged
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THE ASIAN Development Bank (ADB) kept Philippine economic growth forecasts for this year and in 2025 unchanged as expected monetary easing will likely lift investments and consumption. In its latest Asian Development Outlook, the multilateral lender said it expects Philippine gross domestic product (GDP) to grow by 6% this year,…
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AMRO trims PHL growth forecasts
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THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand. In its latest update, AMRO sees Philippine gross domestic product (GDP) expanding by 6.1% this year, slightly lower than the 6.3% in the April report. Despite the downgrade,…
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Philippines likely to post one of the fastest growth rates in Asia this year, 2025 — IMF
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THE PHILIPPINES will likely post the second-fastest growth in Asia this year and in 2025, the International Monetary Fund (IMF) said. In its latest World Economic Outlook report, the IMF maintained its gross domestic product (GDP) growth forecast for the Philippines at 6% this year and 6.2% in 2025. If…
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2024 RE statistics highlight lagging growth of geothermal for electricity
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The 2024 Renewable Energy Statistics published by IRENA highlight the small growth of geothermal electricity generation and potential in the heating market. The post 2024 RE statistics highlight lagging growth of geothermal for electricity first appeared on ThinkGeoEnergy – Geothermal Energy News.
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P-pop sensation must drive growth of creatives industry – Capstone-Intel research
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Research firm Capstone-Intel Corporation said government and private sector support to P-pop groups such as BINI and SB-19 can create jobs and harness the potential of the country’s creative industry. “The growing number of followers of P-pop groups such as BINI and SB-19 unlocks the potential of the creative sector,…
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Factory output growth slows in May
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MANUFACTURING OUTPUT GROWTH eased in May as production of computer, chemical, and metal products contracted, the Philippine Statistics Authority (PSA) reported on Tuesday.
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Delayed easing to dampen growth — BSP chief
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THE BANGKO SENTRAL ng Pilipinas (BSP) said that it should not “wait too long” to begin policy easing as this would dampen economic growth, its top official said.
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PHL told to boost manufacturing jobs to achieve high-income growth
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ECONOMISTS flagged the declining employment share of the Philippine manufacturing sector, which they said is key to achieving a high-income status and meeting other development goals including bringing down poverty incidence to single digits at a faster rate.
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PHL unlikely to breach upper end of growth goal
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THE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-7% gross domestic product (GDP) growth target this year amid expectations of weaker consumption and investment, Fitch Solutions’ unit BMI said. “The economy will find it hard to breach the upper half of the 6-7% growth target which…