FITCH Solutions has trimmed its 2019 Philippine economic growth forecast to 5.9 percent, citing the lower-than-expected gross domestic product (GDP) expansion in the first three months of the year, trade tensions and soft external demand as reasons behind the adjustment.

The current figure, revised from 6.1 percent previously, is lower than last year’s actual growth of 6.2 percent and falls near the lower end of the government’s downwardly revised 6.0-7.0 percent target.

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