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S&P raises 2021 PH growth outlook

FOLLOWING a better-than-expected third-quarter result, debt watchdog S&P Global Ratings now forecasts Philippine economic growth to reach the high end of the government's 2021 target.

'We mark growth in the Philippines higher at 5.0 percent in 2021 compared with our forecast of 4.3 percent earlier,' it announced in a report released on Tuesday.