A London-based consultancy firm has downgraded the country’s economic growth forecast to 9.5 percent from the previous 11.5 percent due to the rising number of coronavirus disease 2019 (Covid-19) cases and deteriorating economic data.
“We are lowering our 2021 GDP (gross domestic product) growth forecast for the Philippines due to the worsening virus situation and the recent deterioration in the economic data,” said Capital Economics Senior Asia Economist Gareth Leather.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.