MOODY’S Investors Service has trimmed anew its growth forecast for the Philippine economy to 5.8 percent from 6 percent after the slower-than-expected second quarter expansion.
“Our expectation of a recovery in domestic demand in the second half of this year and into next year underpins our full-year forecasts for real GDP (gross domestic product) growth of 5.8 percent in 2019 and 6.2 percent in 2020,” it said in a report released on Friday.
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