{"id":52501,"date":"2022-08-11T15:12:29","date_gmt":"2022-08-11T07:12:29","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=52501"},"modified":"2022-08-11T15:12:29","modified_gmt":"2022-08-11T07:12:29","slug":"ph-likely-to-hit-2022-growth-targets-moodys-analytics","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/","title":{"rendered":"PH likely to hit 2022 growth targets \u2014 Moody\u2019s Analytics"},"content":{"rendered":"

Financial services company Moody\u2019s Analytics believes the Philippine economy has a high chance of achieving its full-year growth target of 6.5% to 7.5% by the end of 2022, despite soaring inflation and a sluggish jobs market.\u00a0<\/span><\/p>\n

This statement follows the Philippine Statistics Authority\u2019s (PSA) report of a 7.4% GDP expansion in the country during Q2.\u00a0<\/span><\/p>\n

Meanwhile, Socioeconomic Planning Secretary Arsenio Balisacan said the economy would need to grow by 5.3% in the second half to achieve the 6.5% target.\u00a0<\/span><\/p>\n

\u201cTo hit the 7.5% goal, he said GDP would have to expand by an average of 7.2% in the second semester,\u201d he added.\u00a0<\/span><\/p>\n

Moody\u2019s Analytics added that policy rate hikes would likely impact growth this year.<\/span><\/p>\n

Meanwhile, as inflation continues to bite, household spending may be vulnerable in the second half.<\/span><\/p>\n

PSA\u2019s second-quarter data showed household consumption expanded 8.6% year-on-year, but contracted 2.7% quarter-on-quarter, reflecting the impact of soaring inflation on domestic demand.<\/span><\/p>\n

Read more here.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial services company Moody\u2019s Analytics believes the Philippine economy has a high chance of achieving its full-year growth target of […]<\/p>\n","protected":false},"author":7,"featured_media":52502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200],"tags":[],"yoast_head":"\nPH likely to hit 2022 growth targets \u2014 Moody\u2019s Analytics - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PH likely to hit 2022 growth targets \u2014 Moody\u2019s Analytics - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"Financial services company Moody\u2019s Analytics believes the Philippine economy has a high chance of achieving its full-year growth target of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-11T07:12:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/08\/PH-likely-to-hit-2022-growth-targets-\u2014-Moodys-Analytics.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Outsource Accelerator\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Outsource Accelerator\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/\"},\"author\":{\"name\":\"Outsource Accelerator\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/8b75ec193590c50fe884d94951389c3d\"},\"headline\":\"PH likely to hit 2022 growth targets \u2014 Moody\u2019s Analytics\",\"datePublished\":\"2022-08-11T07:12:29+00:00\",\"dateModified\":\"2022-08-11T07:12:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/\"},\"wordCount\":158,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"articleSection\":[\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/ph-likely-to-hit-2022-growth-targets-moodys-analytics\/\",\"name\":\"PH likely to hit 2022 growth targets \u2014 Moody\u2019s Analytics - 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