Credit Suisse Lowers PH Growth Forecast for 2014
Zurich-based financial group Credit Suisse has tempered its 2014 economic growth forecast for the Philippines on expectations of a “subdued” second quarter performance as suggested by disappointing export receipts in April.
In a research note dated June 10, Singapore-based CS economist Michael Wan said his company had cut its full-year Gross Domestic Product forecast for the Philippines this year to 6.2 percent from 7 percent, reflecting the likely weakness in exports.
Source: Philippine Daily Inquirer