5 months ‘US-China trade war to have little impact on PH’ Manilatimes |Biz
THE ongoing trade war between the United States and China will affect countries in emerging Asia, but its impact on the Philippines will be small, according to Capital Economics. In a report on Thursday, the London-based research consultancy company said that so far, the overall impact of the trade war between the world’s top two economies “has been small for most countries.” “For Malaysia, Singapore, Thailand and the Philippines, we think the net effect of the trade war so far will have been to knock only 0.1-0.2 percent from GDP (gross domestic product),” the report said.Advertisements
It noted, ... more