By Aubrey Rose A. Inosante, Reporter
THE PHILIPPINES might struggle to bring its debt-to-gross domestic product (GDP) ratio back to the internationally accepted threshold of 60% as global uncertainties and slower growth weigh on fiscal recovery, analysts warned.
“With the downgrade in growth forecasts and the sustained increase in debt levels, we may not be able to see an immediate return of the debt-to-GDP ratio to 60%,” Diwa C. Guinigundo, country analyst at GlobalSource Partners and a former central bank governor, said in a Viber message.
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