MANILA, Philippines --- The slower-than-expected expansion of the Philippine economy in the first quarter "indicates that GDP growth will likely dip below 6 percent for 2019 as a whole," UK-based Oxford Economics recently said. This, even if it expects the Philippine economy "to gain some traction in the coming quarters with the budget impasse behind us and expansionary macro policies lending support." "The risks, however, are to the downside following renewed risks of escalation in US-China trade tension," Oxford Economics' Thatchinamoorthy Krshnan said in a May 9 report. According to Oxford Economics, challenges in the global backdrop could keep exports under pressure. "While we ex...
Keep on reading: Oxford Economics: PH growth may dip below 6% for entire 2019
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