PH economic growth seen to recover

The UK-based Oxford Economics expects Philippine economic growth to rebound as the government finally spends its P3.7-trillion budget for 2019 after months of delay.   "GDP (gross domestic product) growth slowed sharply to 5.6 percent year-on-year in the first quarter of the year amid delays in public spending and a substantial drag from net exports," Oxford Economics director of global macroeconomic research Ben May and economist John Payne said in their "Global macro themes and asset views chartbook" report for the month of May.   The state planning agency National Economic and Development Authority (Neda) has estimated that if not for the budget impasse, first-qu...Keep on reading: PH economic growth seen to recover

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