BSP warns of US, China risks to PH growth

The Philippine economy will have to contend with the risks that may still arise from the United States’ tapering program and China’s economic slowdown to keep an even keel toward its own growth target this year, the central bank warned.

While prospects for the Philippine economy remain positive even after gross domestic product (GDP) lost steam in the first quarter to a lower-than-expected 5.7 percent rate of expansion, compared with 7.7 percent a year earlier, the path to growth may yet present new humps during the remainder of 2014, it said over the weekend.