“Fragile” global economy remains a major challenge for policymakers, the Bangko Sentral ng Pilipinas (BSP) said in its second quarter Report on Economic and Financial Developments.
“Overall global economic conditions remain fragile as risks of weaker growth in emerging economies have increased due to domestic capacity constraints, weak external demand and possibility of tighter financial conditions should the unwinding of unconventional monetary policy in the US lead to capital flow reversals,” it stated.
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