No thanks to the delayed implementation of the 2019 national budget and the trade tensions between the United States and China, the International Monetary Fund has slashed by half a percentage point to 6 percent its growth forecast for the Philippines for this year.
South Korea is slated to participate in the 27th official negotiations this week to discuss the implementation of an Asia-Pacific mega trade deal possibly this year.
Washington celebrates its alliance with ASEAN by reaffirming its commitment to boost solidarity, friendship, and harmony not only with its Southeast Asian neighbors but China as well.
THE ASEAN+3 Macroeconomic Research Office (AMRO) has revised downward its Philippine economic growth forecast for 2020 to 6.5% from its previous outlook of 6.6% in May, according to the July Monthly Update of the ASEAN+3 Regional Economic Outlook released on Tuesday that showed the 2019 projection retained at the 6.3% pencilled in June but down from 6.4% in May.
The country has courted foreign money for initiatives such as micro loans and investments.
A workshop focusing on benefits brought by digital platforms, especially contributions by Grab to Indonesia’s economic development, was held by the Centre Centre for Strategic and International Studies (CSIS) and the Tenggara Strategics in Jakarta on July 23.
PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday.
In the years before the current trade war, China and the developing countries in Asia enjoyed sparkling growth rates as a result of the region’s intertwined free trade and special economic zones and relatively cheap labour.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
