But economic outlook stays positiveFitch Group’s BMI Research downgraded the Philippines’ short-term political risk index score to 63.1 from 63.5 previously amid the ongoing government war against terror in Marawi City. The think tank, however, did not make any change to its positive economic outlook for the Philippines despite the drop in the country’s political risk index score. Accordingly, we have downgraded the Philippines’ short-term political risk index score to 63.1 out of 100, from 63.5 previously,” BMI said in its latest analysis released on Friday. “We maintain a relatively constructive view on the Philippine peso relative to EX FX, forecasting the unit to end the year at P50/USD,” the Fitch Group unit said. “Despite the growth moderation, we maintain a constructive view of the country’s medium-term economic outlook,” BMI Research said in an earlier research, released on May 22.

Source: Manila Times May 26, 2017 18:33 UTC