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Economy sf6 servicing PHILIPPINES

Economy sf6 servicing PHILIPPINES

Moody’s sees steeper Philippine economic contraction.MOODY’S INVESTORS Service slashed its gross domestic product (GDP) forecast for the Philippines to -7% this year, after a deep recession in the first half dented hopes for a quick economic rebound. “Our projection of an economic recovery in the second half — while still intact — will be less robust than previously assumed.

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