S&P Global Ratings has maintained its 6.3 percent Philippine growth forecast for 2019 as it sees the trade war and the expected resurgence in inflation as major risks to economic expansion.

A report released on Tuesday showed that the debt watcher kept its 6.3-percent gross domestic product (GDP) growth outlook for the Philippine economy this year, which was higher than last year’s actual growth of 6.2 percent and falls near the lower end of the government’s downwardly revised 6.0-7.0 percent target.