By Prince Golez
Malacañang on Friday confirmed that S&P Global Ratings raised its growth forecast for the country.
“On the economic front, things are looking up as we approach the new year,” acting presidential spokesperson and Cabinet Secretary Karlo Nograles during a televised briefing
“S&P Global Ratings raised its growth forecast for the Philippines,” added Nograles.
S&P Global Ratings, a New York-based rating agency, projected that the Philippine economy will expand by 5 percent this year, higher than its earlier 4.3 percent estimate.
The global credit rater, however, lowered its growth outlook on the Philippines next year from 7.7 percent to 7.5 percent.
The post Palace confirms S&P’s higher 2021 growth forecast for PH first appeared on .Source: Latest Politics News Today (Politics.com.ph)
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