Gov’t cuts growth outlook for newly upgraded upper-middle-income Philippines

The Philippines is now upper-middle income. Really?

Development isn't measured by average income alone

Philippines attains upper-middle-income status

Philippines attains upper-middle-income status

Beyond the Upper-Middle-Income Milestone: Making growth work for every Filipino

THE WORLD Bank’s decision to reclassify the Philippines as an Upper-Middle-Income Country marks an important chapter in the country’s long economic journey. With Gross National Income (GNI) per capita rising

Philippines got an economic upgrade, yet many Filipinos feel it’s no ‘big deal’

The World Bank recently upgraded the Philippines to an upper-middle-income country, but that classification makes little difference to many Filipinos grappling with rising cost of living, debt and stagnant wages. “I laughed actually. Like, for real? Where did the data come from?” Ann Michelle Federez-Abato said of the July 1 announcement that her country’s gross national income (GNI) per capita had reached US4,850 in 2025, surpassing the US4,636 cut-off for upper-middle-income...

Fiscal, current account deficits expected to continue until 2028 

THE Philippines is expected to continue running fiscal and current account deficits through 2028, with economists warning that sustained government spending will be needed to help keep the domestic private sector in surplus and avoid a financial crisis. In a paper, Lessons from Sectoral Financial Balances for Philippine Crises, De La Salle University Economists Jesus []

Philippines sets 2027-2030 GDP growth target at 5.0% to 6.0%

MANILA — The Philippines’ budget planning committee announced a 2027-2030 GDP growth target of 5.0 to 6.0, saying on Wednesday that elevated inflation this year may temper household consumption and investments. The economy expanded by a weaker-than-expected 2.8 in the first quarter from a year earlier, weighed down by fallout from the Middle East crisis and delays in passing [] The post Philippines sets 2027-2030 GDP growth target at 5.0 to 6.0 appeared first on Interaksyon.

CAVA vs. Krispy Kreme: Which Consumer Stock Is a Better Buy in 2026?

CAVA posts double-digit revenue growth and positive net income, while Krispy Kreme pursues a turnaround amid losses and a capital-light shift.

Philippines Sees Slower Growth, Weak Peso Beyond 2028

The Philippines has cut its economic growth targets and sees a weaker peso beyond the end of the term of President Ferdinand Marcos Jr. in 2028 amid headwinds such as the Middle East tensions and an intense El Niño weather event.

Eurozone household saving rate steady at 14.3 per cent

Household consumption and income are rising in tandem, while corporate profit margins are falling

Ekonomi Selangor kini bernilai RM460 bilion

SHAH ALAM: Sumbangan 26.5 peratus kepada Keluaran Dalam Negeri Kasar (KDNK) negara oleh Selangor pada 2025 didorong pengembangan tiga sektor utama iaitu perkhidmatan, pembuatan dan pembinaan. Secara spesifik, ketiga-tiga sektor itu masing-masing menyumbang kepada RM15.9, RM5.3 dan RM3.7 bilion menjadikan keseluruhan nilai ekonomi berkembang sebanyak RM28 bilion. Menteri Besar, Datuk Seri Amirudin Shari berkata, laporan ... Read more The post Ekonomi Selangor kini bernilai RM460 bilion appeared first on Utusan Malaysia.

Gavin Newsom’s Healthcare Tax: Just the Latest Hit to CA Families

Gavin Newsom’s Healthcare Tax: Just the Latest Hit to CA Families

Serbia possesses great potential for cooperation with BRICS countries — minister

The vector of economic development is increasingly shifting toward the East and the BRICS nations, Nenad Popovic noted

World’s wealth gap is widening, UBS Global Wealth Report shows

Average wealth rises notably in 2026, median wealth declines in most markets, states report

World : Thailand Targets Structural Reforms To Lift Growth Potential To 3 Pct By 2030

BANGKOK, June 22 (Bernama-Xinhua) -- Thailand's Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas on Monday announced a structural overhaul targeted at lifting the country's long-term annual economic growth potential to 3 per cent from 2.7 per cent by 2030, reported Xinhua.

KIO: Income May Increase Going Forward, But The Distribution Is Destroying NAV

KIO: Income May Increase Going Forward, But The Distribution Is Destroying NAV

Country moving into phase of growth, promising better future: Daniyal Chaudhry

Country moving into phase of growth, promising better future: Daniyal Chaudhry

Philippines Sees Rooftop Solar Boom as Electricity Prices Rise

The Philippines is witnessing a sharp demand rise on rooftop solar installations as households seek to reduce soaring electricity bills, according to Reuters. The country has the highest residential electricity prices in Southeast Asia, due to limited government power subsidies. Top power distributor Meralco has raised electricity tariffs by about 10 since the US-Israeli war [] The post Philippines Sees Rooftop Solar Boom as Electricity Prices Rise first appeared on Egypt Oil Gas.

Exports boom but households struggle as INDEC posts 2.3% growth

GDP rose 2.3 in the first quarter of 2026 year-on-year, driven by exports and extractive industries, but unemployment is up, bank defaults have hit a 20-year high and manufacturing is contracting. Leer más

नीतिगत भरोसा चाहियो

सरकारको लक्ष्य पनि आर्थिक समृद्धि नै हो। औसत सात प्रतिशत आर्थिक वृद्धिदर हासिल गर्दै पाँच वर्षमा प्रतिव्यक्ति आय तीन हजार अमेरिकी डलर पुर्‍याउने र करिब ६६ खर्ब रुपैयाँको अर्थतन्त्रलाई १०० खर्ब रुपैयाँसम्म विस्तार गर्ने सरकारको लक्ष्यले यही संकेत गर्छ। तर, यो लक्ष्य निजी क्षेत्रसँगको सहकार्यविना सम्भव छैन। विगत ६ वर्षदेखि अर्थतन्त्र शिथिल छ। निजी क्षेत्रको []

After threat of cuts, California expands subsidized child care by more than 20,000 spaces

After talk of potential cuts, California's budget adds 22,770 subsidized child-care spaces. The expansion means Gov. Gavin Newsom will fulfill nearly three-quarters of the slots he promised in 2021.

Johor polls: Bukit Batu voters’ election wish list starts with better jobs and ends with smoother roads

KULAI, July 2 — Rising cost of living, better job opportunities and improved infrastructure are among the key conc...

The future of family wealth in Africa

SPONSORED | Jersey Finance roundtable highlights why governance, global mobility and new asset classes are now central to preserving and growing wealth across generations

Tax cuts, pay rises and text message changes on the way

A new financial year brings with it a raft of changes to government payments, tax rates and business reporting requirements.

Institutional Trend Following Plan

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Low-Tax States For Middle-Class Families Ranked by Childcare Affordability

Low-Tax States For Middle-Class Families Ranked by Childcare Affordability

Former acting ICE director reveals 'biggest issue' with Biden policy that made Americans 'losers' in housing

A Federal Reserve Bank of Dallas working paper links the 2021-2024 illegal immigration surge to a 2.2 rise in home prices and 1.4 jump in rents.