THE Philippine economic growth will fall below official targets this year and the next on the back of high interest rates and weak external demand, S&P Global Ratings said.In a report released on Wednesday, the credit ratings agency forecasts gross domestic product (GDP) growth of 6.4 percent for both 2019 and 6.6 percent 2020, faster than the 6.2 percent posted in 2018, but well below the government’s growth goal of 7.0-8.0 percent for both years. MAYVELIN U. CARABALLOReplyForward
