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Fitch Ratings, an American credit rating agency and one of the "Big Three credit rating agencies", downgraded its 2021 GDP forecast for the Philippines to 4.4% from 5.0%. Fitch cited the resurgence in COVID cases and low vaccination rates for the downgrade. For 2022, the credit rating agency upgraded its forecast to 6.8% from 6.6%.
Learn more on this new episode of The Weekly Round-up.
E-Invest by BPI Wealth
By BPI WealthFitch Ratings, an American credit rating agency and one of the "Big Three credit rating agencies", downgraded its 2021 GDP forecast for the Philippines to 4.4% from 5.0%. Fitch cited the resurgence in COVID cases and low vaccination rates for the downgrade. For 2022, the credit rating agency upgraded its forecast to 6.8% from 6.6%.
Learn more on this new episode of The Weekly Round-up.
E-Invest by BPI Wealth