Indonesia has been successful in navigating the macroeconomic fallout from asynchronous global shocks. Gross domestic product (GDP) growth remains strong though the economy is yet to fully recover to its...
Commodity windfalls and private consumption have sustained Indonesia’s growth despite a difficult global environment, but signs of normalizing domestic demand are emerging. Inflation is easing at a faster...
Headline inflation continued to accelerate in June, prompting the central bank to raise its key policy rate anew. Fear of a weakening global outlook and more U.S. Federal Reserve rate increases dampened...
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...
Farm-to-market roads (FMRs) provide ‘last kilometer’ connectivity for bringing inputs to farmers and taking their production to distant markets. The quality and quantity of these roads has a big impact...
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...