Review of debt-to-GDP strategy needed – analyst

review of debt to gdp strategy needed analyst

Sumary of Review of debt-to-GDP strategy needed – analyst:

  • In a Thursday commentary, ING Bank Manila senior economist Nicholas Antonio Mapa noted that Fitch Ratings, in downgrading the Philippines’ investment-grade rating from stable to negative, highlighted the scarring effects of the prolonged downturn in economic activity, as well as how weak growth could affect the country’s overall fiscal health.

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