COVID-19 Delta Variant a bigger threat than “downgraded” credit ratings
The opposition will surely make a mountain out of a molehill about this issue of the Philippines’ “downgraded” credit rating again. https://twitter.com/PhilippineStar/status/1414713681485520896?s=19 There is, however, no basis for worry. The debt-to-GDP (gross domestic product) ratio is still manageable. The budget deficit increased but the gross international reserves of the Bangko Sentral ng Pilipinas (BSP) are…
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