Monday 18 June 2018
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4 months ago

Peso to weaken to 54:$1

The peso may weaken to 54 against the US dollar through next year but this is a manageable adjustment necessary for the country to address infrastructure bottlenecks and sustain a higher growth path, a top economist of Ayala-led Bank of the Philippine Islands (BPI) said. After sustaining a gross domestic product (GDP) growth rate of more than 6 percent for six straight years, BPI economist Emilio Neri Jr. said the Philippines was moving toward a higher growth trajectory, likely to hit 6.8 percent this

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