By Luisa Maria Jacinta C. Jocson, Reporter
PHILIPPINE ECONOMIC GROWTH is seen to remain subdued in the near term amid slow fiscal consolidation and weakening remittances, Capital Economics said.
“GDP (gross domestic product) growth in the Philippines slowed again in the second quarter of the year, and we expect the economy to remain weak over the coming quarters,” Capital Economics Senior Asia Economist Gareth Leather and Economist Placement Student Harry Chambers said in a report.
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