JAPAN'S Nomura Holdings Inc. has trimmed its Philippine growth forecast for this year to 6.3 percent from 6.8 percent, pointing to fallout from Russia's ongoing invasion of Ukraine.

"We cut our GDP (gross domestic product) growth forecast... further below the government's range of 7 [to] 9 percent," Nomura economists Euben Paracuelles and Rangga Cipta said in a report released over the weekend.

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