Fitch Solutions has cut its Philippine gross domestic product (GDP) growth forecast for this year as it sees the continued pandemic-related lockdowns weighing down domestic activity in the near term.

Members of the Philippine National Police flag down motorists at a quarantine checkpoint along Emilio Aguinaldo Highway in Imus City, Cavite on April 2, 2021. A Fitch unit sees the lockdowns to contain the coronavirus disease 2019 as weighing down domestic activity in the near term. PNA PHOTO

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