Read this in The Manila Times digital edition.
Debt watcher S&P Global Ratings has lowered its economic growth forecasts for this year and next, blaming the Covid-19 pandemic-related lockdowns.
"We lowered our 2021 growth forecast for the Philippine to 4.3 percent from 6 percent in June, and we forecast growth of 7.7 percent in 2022 compared with our earlier forecast of 7.5 percent," it said in a statement released on Thursday.
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