SWISS investment bank UBS kept its economic growth forecast for the Philippines this year but trimmed its projection for 2019 due to the possible impact of the trade wars on the Association of Southeast Asian Nations (Asean).

In a report released on Wednesday, UBS said the Philippine gross domestic product should still grow by 6.8 percent this year before dipping to 6.4 percent next year, lower than its previous forecast of 6.6 percent.

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