5 months Moody’s: April-June growth ‘not very great’ Manilatimes |Biz
MOODY’S Investors Service on Thursday expressed some pessimism about the Philippine economy’s performance in the second quarter as it continued to flag the delayed approval of this year’s national budget as the main drag to growth.
Moody’s. AFP PHOTO“At this point, I don’t think you should be excited about Q2 (second quarter),” Moody’s Vice President and Senior Credit Officer Christian de Guzman told reporters in a briefing. Although he did not give an exact forecast for gross domestic product (GDP) growth for April to June, de Guzman said Moody’s expectation was based on the fact the government lost its ... more