Economics
Philippines Growth at Four-Year Low Boosts Odds of Rate Cut
- Delay in 2019 budget approval curbed government projects
- Most economists see central bank cutting rates on Thursday
Vendors sell fruit at the Divisoria market in Manila.
Photographer: Julian Abram Wainwright/Bloomberg
This article is for subscribers only.
Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
The Philippine economy grew at the slowest pace in four years in the first quarter, increasing the likelihood the central bank will cut interest rates on Thursday. The peso and stocks fell.