S&P cuts further PH growth estimate

Mar 09, 2020 12:09 am

This March 3, 2020 photo shows a large crowd of mask-wearing commuters walking through Shinagawa Station in Tokyo. (AP photo)

S&P Global Ratings has trimmed down further its growth forecast for the Philippine economy this year as it sees the coronavirus disease 2019 (Covid-19) outbreak affecting the inflow of foreign direct investments (FDI) to the country.

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