Hanoi, March 26 -- US-based credit rating agency S&P Global Ratings has slightly raised its economic growth forecast for the Philippines in 2026, citing a gradual recovery in investment and continued momentum in technology exports, while warning of persistent external risks. Vishrut Rana, senior economist for Asia-Pacific at S&P Global Ratings, said the credit watcher now expects the Philippine economy to grow by 5.8% in 2026, a tad higher than its previous estimate of 5.7% The updated forecast places the Philippines below the government's growth targets of 5-6% for 2026. Despite the upward revision for this year, S&P trimmed its growth outlook for the succeeding years, pointing to softer domestic demand and a moderation in key sectors such...
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