3 months S&P keeps PH economic growth for 2019 at 6.3% Manilatimes |Biz
S&P Global Ratings is maintaining its Philippine growth forecast for this year at 6.3 percent, as it sees the worsening trade war between the United States and China and an expected resurgence in inflation as major risks to economic expansion. The figure is higher than the 6.2-percent growth posted last year and falls near the lower end of the government’s downwardly revised 6.0-7.0 percent target. “Despite the weaker-than-expected first quarter, we continue to expect GDP (gross domestic product) growth to come in at the low end of the 6-6.5-percent range this year,” the global debt watcher said in a ... more