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× Moody’s: Philippine economy to rise 2.5% in 2020

Moody’s Investor Service further lowered its growth forecast for the Philippine economy this year because of the impact of the Luzon-wide lockdown on domestic demand.
In a report on Wednesday, the credit ratings agency said it expected “a sharp slowdown in growth this year, with real GDP (gross domestic product) growth decelerating to 2.5 percent in 2020, which incorporates the curtailment of domestic…

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