ING Manila cuts GDP growth outlook

By Mayvelin U. Caraballo

Aug 07, 2021 1:30 am

Read this in The Manila Times digital edition.

THE local unit of ING Bank has further downgraded its Philippine economic growth projection for the second quarter of this year, blaming the strict Covid-19 pandemic-related lockdown reimposed in April.

ECONOMIC IMPACT EXPECTED A police officer manning the checkpoint at the Marikina City-Cainta, Rizal border along Marcos Highway checks the phone of a motorist passing through the highway on Friday. The strict quarantines imposed from the early part of this year are expected to have an impact on the country’s economic growth this year. PNA PHOTO

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