PhilStar-July 13

New York-based Fitch Ratings has lowered its outlook for the Philippines to negative from stable as it expects a slower recovery for the country from the pandemic-induced recession with a gross domestic product (GDP) growth of five percent instead of 6.3 percent this year. This is the second revision given by Fitch after it lowered the country’s outlook to stable from positive in May last year, at the height of the strict lockdown measures
imposed by the government to slow the spread of COVID-19 cases.

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https://www.philstar.com/headlines/2021/07/13/2112068/fitch-revises-philippines-outlook-negative