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
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