World Bank GDP growth projections for select East Asia and Pacific economies

THE WORLD BANK has slashed its gross domestic product (GDP) growth forecasts for the Philippines this year up to 2021 to below the government’s target, amid “intensified” risks from an escalating Sino-US trade war and “a slow recovery” of government spending in the wake of a three-and-a-half month delay in national budget enactment that weighed on first-half expansion. Read the full story.