philippine gross domestic product

S&P cuts PH growth forecast to 6.1%

February 19, 2020 admin 2020 forecast, credit rating agencies, Economic Growth, Forecast, GDP, gdp growth, gdp growth forecast, gross domestic product, ph growth, philippine economic growth, philippine gross domestic product, s&p, standard & poor's, Top Business, top business news

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 19 Feb 2020 17:37:23 +0000

S&P Global Ratings has trimmed its growth outlook for the Philippine economy this year as it believes the coronavirus disease 2019 (Covid-19) outbreak will weaken the country’s supply chains. The credit rating agency now projects Philippine gross domestic product (GDP) to expand by 6.1 percent, lower than its previous forecast of 6.2 percent. The updated […]