Sun Life cuts PH growth to 5.5%

By Mayvelin U. Caraballo

May 27, 2021 2:15 am

Sun Life Philippines has cut its gross domestic product (GDP) growth projection for the Philippines this year, citing the 'disappointing' first quarter drop.

In a virtual briefing on Wednesday, Sun Life Philippines Chief Investments Officer Michael Enriquez said that the life insurance firm now expects GDP growth to range from 3.9 to 7.1 percent, with a midpoint of 5.5 percent.

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