"Only when vaccination programs progress can we expect the anticipated rebound in Southeast Asia."
Southeast Asia, the world’s most vibrant economic region until COVID-19 struck,...
Former Economic Planning Secretary Ernesto Pernia on Monday asked the government to ramp up health-related spending to mitigate the impact of the COVID-19 pandemic...
Barcelona, Spain—A wave of mergers is sweeping across the Spanish banking sector as lenders face up to a pandemic-induced recession, ultra-low interest rates and...
Tokyo—Japan’s economy exited recession in the third quarter, growing a better-than-expected 5.0 percent, government data showed Monday, following a record contraction.
A rise in domestic...
Recession-hit Argentina on Monday officially presented its offer to the US Securities and Exchange Commission (SEC) to restructure a $66 billion debt under foreign...
Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group, sharply downgraded its 2020 growth outlook for the Philippines to -9.1 percent...
Malacañang remains optimistic that the Philippines can soon recover after it officially entered a recession with a 16.5 percent economic plunge in the second...
The Philippines entered technical recession amid the coronavirus pandemic as the gross domestic product sank 16.5 percent in the second quarter from a year...
Singapore's economy shrank more than 40 percent in the second quarter as the coronavirus plunged the Southeast Asian financial hub into recession for the...
By Martin Abbugao
Singapore"•Singapore plunged into recession in the second quarter as the economy contracted more than 40 percent, preliminary data showed Tuesday, with the...
"Before this, the Philippines has had 84 consecutive quarters of economic expansion—the longest and richest in our country’s history."
The Philippine economy is now in recession....
Buenos Aires, Argentina"•After stuttering through two years of recession and three months of grim coronavirus lockdown, many businesses in the Argentine capital Buenos Aires...
Tokyo, Japan—Japanese growth figures were better than initially feared in the first quarter, according to official data published on Monday, but the world’s third-top...
Oxford Economics, a UK-based think tank, predicted a global depression in 2020, with the world gross domestic product declining anywhere from 2.8 percent to...
