Read this in The Manila Times digital edition.
FOLLOWING the slower-than-expected performance in the second quarter, local lender Bank of the Philippine Islands (BPI) and global research company Capital Economics have revised downward their economic growth outlooks for the country this year.
"Given the latest print, we have revised our full-year GDP (gross domestic product) forecast from 6.7 to 6.3 percent," BPI stressed in a report released after the announcement of the domestic output uptick of 7.4 percent in April-June 2022.
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