WASHINGTON-BASED World Bank has cut its growth projections for the Philippine economy for this year and the next, taking into account the impact of natural disasters, slow government spending and the tightening of the financial environment in the country.
In its Philippine Economic Update released on Thursday, the World Bank said its growth projections for the country were revised downward to 6.4 percent from 6.6 percent for 2014 and to 6.7 percent from 6.9 percent for 2015.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.