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masakitan ang uban dnha.
MANILA, Philippines – Moody’s Investors Service upgraded the country’s economic growth forecasts for the next two years as it believes the successful implementation of the tax reform and infrastructure development plans by the Duterte administration could boost the credit rating of the Philippines.
In its latest overview and outlook on the Philippines, Moody’s said it expects the country’s gross domestic product (GDP) to grow
6.5 percent this year and next year.
This was higher than the
previous GDP growth forecast of 6.2 percent last July.
“We expect the largely domestic drivers of growth to remain intact over the next year. Overall, we expect real GDP growth to remain at around 6.5 percent in 2016 and 2017,” Moody’s said.
Moody’s upgrades Philippine growth forecasts | Business, News, The Philippine Star | philstar.com
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