7 months Moody’s trims 2019 growth forecast to 6% Manilatimes |Biz
MOODY’S Investors Service cut its Philippine growth forecast for 2019 to 6 percent from the previous 6.2 percent, citing the delayed approval of this year’s budget, the lower-than-expected first-quarter expansion and the still-tight monetary policy as reasons behind the downward adjustment. On the sidelines of the “Economy in Focus” briefing held by the Economic Journalists Association of the Philippines and the Aboitiz Group of Companies in Makati City on Wednesday, Moody’s Vice President and Senior Credit Officer Christian de Guzman told reporters the debt watcher did so after taking “into account the budget impasse [and] the first-quarter growth, as well ... more