In its quarterly report on the Philippines, Global Source revised downwards its 2015 gross domestic product (GDP) growth forecast for the Philippines to 6.1 percent instead of the previous projection of 6.7 percent made in May
New York-based think tank Global Source Partners slashed the country’s economic growth projections amid increasing foreign investor caution, more volatile global financial markets, and risks of a stronger El Niño weather disturbance.
In its quarterly report on the Philippines, Global Source revised downwards its 2015 gross domestic product (GDP) growth forecast for the Philippines to 6.1 percent instead of the previous projection of 6.7 percent made in May. Details