S&P warns of external, domestic political risks

Debt watcher Standard & Poor’s (S&P) Global Ratings has kept its 6.1 percent growth forecast for the Philippine economy this year, but warned that downside risks may come from outside factors coupled with current political uncertainties in the country.

S&P’s projection is within the 6 percent to 7 percent gross domestic product (GDP) growth target of the government, and higher than the 5.8 percent expansion in 2015.