METROBANK unit First Metro Investment Corp. (FMIC) has taken an optimistic view of the Philippine economy’s prospects despite a waning in first-quarter growth, forecasting an expansion of between 6.6 and 7.5 percent for the full year.

The forecast, however, did not address any possible impact on government spending and consumer and investor confidence that could come from Tuesday’s issuance of the unanimous Supreme Court ruling that the controversial Disbursement Acceleration Program (DAP) under the Office of the President of the Philippines was unconstitutional.

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