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External headwinds to keep weighing on PH growth – BMI

WEAK external demand will continue to weigh on Philippine economic growth, a Fitch Group unit said, with growth targets likely to be missed this year and the next.

'Weakness in external demand will remain a main drag, especially as the Philippines' major trading partners are all facing domestic headwinds of their own,' BMI Country Risk & Industry Research said in a November 8 commentary.