THE PHILIPPINES will likely see its debt decline this year amid continued economic growth, Moody’s Investors Service said on Monday.
The Philippines will likely see its debt decline this year, according to Moody’s Investors Service. — PHILIPPINE STAR/EDD GUMBAN
The debt-to-GDP ratio stood at 63.7% as of the end of the third quarter, which is above the 60% threshold prescribed by multilateral lenders. This is the highest debt-to-GDP ratio in 17 years, and signiThis year, economic managers are aiming to bring down the debt-to-GDP ratio to 60-62%, as the Philippine economy is expected to expand by 6-7%.
“Debt affordability will fall from generally robust levels as interest rates rise and will be manageable for most in the region,” Moody’s said. “Growth will be lower than in 2022, but close to potential in most cases, underpinning broad credit stability. Slowing economic activity in large export markets such as the US and EU will weaken a major engine of growth for the region, although a modest upturn in China will provide support,” Moody’s said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
CyberSecPhil 2023 to be held Jan. 11-12, 2023Escom Events is hosting the CyberSecPhil 2023 scheduled to happen this coming January 11-12, 2023 at Fairmont Makati, Philippines.
Baca lebih lajut »
Philippines records 3,127 new COVID-19 cases from Jan. 2–8, 2023The country registered 3,127 new COVID-19 infections in the week after New Year&39;s Day, the Department of Health (DOH) said on Monday.
Baca lebih lajut »
Faces at the Nazareno 2023 Walk of FaithThe first-ever Walk of Faith held Sunday in the leadup to the Feast of the Black Nazarene was filled with people wishing and thanking the Lord for their lives and what comes with it.
Baca lebih lajut »
CES 2023: AMD introduces discreet RDNA 3 GPUs, a competitor to RTX 3060 series!
Baca lebih lajut »
CES 2023’s coolest gadgets, part 1: Hybrid folding-sliding displays, smart dual dashcamsCheck out this year's array of mini-LED gaming laptops as well, a smartwatch that charges through a user's motions, and wireless earbuds with a touchscreen-equipped charging case.
Baca lebih lajut »
Prelate says Nazareno 2023 Walk of Faith 'successfully executed'The conduct of the first ever “Walk of Faith” procession for the Feast of the Black Nazarene was “successfully executed,” said Quiapo Church Attached Priest Fr. Earl Valdez.
Baca lebih lajut »