By Luisa Maria Jacinta C. Jocson and Aaron Michael C. Sy, Reporters
THE PHILIPPINE ECONOMY’S biggest risk this year is the looming global trade war, Security Bank said, which could also cause the central bank to be more “external-dependent” to account for these uncertainties.
“We’re less affected compared to the likes of China and Japan if ever the automobile tariffs (push through). But we’re not purely unscathed from a trade war,” Security Bank Corp. Vice-President and Research Division Head Angelo B. Taningco told reporters on Wednesday.
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