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Recovery only seen by Q2 2021 as stimulus lags

THE Philippine economy’s recovery will only likely pick up by the second quarter of 2021 due to delays to its fiscal stimulus and lapses in controlling the pandemic, according to an analyst.

Budget cuts seen delaying projects, dampening growth in construction industry

FITCH Solutions Country Risk & Industry Research has downgraded its growth forecast for the Philippine construction industry, noting that projects under the “Build, Build, Build,” program will likely be delayed following the reduced budget for infrastructure this year.

Fitch Solutions sees slower construction industry growth

THE GROWTH of the construction industry is expected to slow to 3.6% as most activity is concentrated in areas affected by the enhanced community quarantine (ECQ), a report said.

Fitch Solutions warns of heightened political risk associated with PPPs

FITCH Solutions Macro Research warned of a “high degree of political risk” in long-term contracts for public-private partnership (PPP) projects even with the government recently adopting a policy favorable to PPPs.

Tighter overseas lending seen as main risk to PHL economy

A WIDER COVID-19 quarantine and more restrictive lending conditions worldwide pose the main risks to the Philippine economy, threatening to bring growth to their lowest levels since 2011, Fitch Solutions Macro Research said.

Fitch Solutions sees construction-sector growth accelerating

THE construction industry is expected to grow 9.4% this year, remaining one of the fastest-growing markets in Southest Asia, according Fitch Solutions Macro Research.

BSP to look at growth as it considers further rate cuts

THE COUNTRY’S economic outlook and the peso’s stability will be the key deciding factors for the Bangko Sentral ng Pilipinas (BSP) in further cutting its policy rates and reducing banks’ reserve requirement, think tank Fitch Solutions said in an analysis.

Fitch Solutions says Philippines to ‘struggle to reverse its weakening growth...

ECONOMIC GROWTH will likely ease further this year in the face of heightened global trade tensions and “deteriorating” business conditions, Fitch Solutions Macro Research said following the release of disappointing official 2018 data.