Photographer: Veejay Villafranca/Bloomberg

Philippines Cuts 2016 Growth Goal as Asia Braces for Volatility

  • Government assumes weaker peso range of 45-48 per dollar
  • Forecasts for exports, imports reduced; inflation seen stable

The Philippine government lowered economic growth targets for this year, joining Asian nations in bracing for mounting global risks that’s damping demand for the region’s exports.

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