MANILA (Philippine Daily Inquirer/Asia News Network): On Friday (March 11), Capital Economics slashed its 2022 gross domestic product (GDP) growth forecast for the Philippines to 7.2 per cent from 8 per cent previously, alongside downgraded projections for eight other Asian countries in its report covering 12 economies.
The London-based think tank retained its pre-war forecasts for Indonesia, Malaysia and Singapore, citing the 'negligible' impact of the conflict on these countries.
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