Philippines among least affected by China slowdown — Moody’s

MANILA, Philippines — The Philippines is among the countries in Asia Pacific that is least exposed to a fall in Chinese demand arising from the trade war between the US and China, according to Moody’s Investors Service.

In a report, the debt watcher said the Philippines may post a softer decline in gross domestic product (GDP) growth amid the weakening global output, particularly the slowdown in China.

Moody’s said the Philippines is ranked sixth least exposed to a fall in Chinese demand after Bangladesh, India, Sri Lanka, Pakistan, and Indonesia, while Hong Kong, Mongolia, Singapore, Vietnam and Taiwan are among the most exposed to a sustained slowdown in China.

Read more: Philippine Star