S&P raises PH growth forecast by 0.2 ppt to 6.6%

DEBT watcher Standard & Poor’s (S&P) Global Ratings adjusted upward its growth forecast for the Philippine economy this year by 0.2 percentage point to 6.6 percent, citing encouraging economic conditions in the country and the government’s push for more development spending.

S&P revised its projection for Philippine gross domestic product (GDP) expansion this year from an earlier projection of 6.4 percent.