Philippines: Risks to the country’s economy growing, Moody’s says

Peace and Freedom

AFP

© AFP/File | Conflict in the southern Philippines, where troops are battling Islamist militants in the city of Marawi, poses a risk to the country’s economy, Moody’s says

MANILA (AFP) – President Rodrigo Duterte’s deadly drug war and armed Islamist rebellion pose “rising” risks to the Philippine economy, though it should continue to grow robustly in the short term, Moody’s Investors Service said.Duterte is battling militants in the southern city of Marawi, while rights groups have accused him of orchestrating a crime against humanity with police killing more than 3,800 drug suspects in 14 months.

“The re-emergence of conflict in the southern Philippines, as well as the Duterte administration’s focus on the eradication of illegal drugs, represents a rising but unlikely risk of a deterioration in economic performance and institutional strength,” the credit ratings agency said.

Sound economic and fiscal policies including a focus on infrastructure development balance out political…

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2 Responses to Philippines: Risks to the country’s economy growing, Moody’s says

  1. tonytran2015 says:

    Everyone says that Duterte is brutal, but have they seen how brutal the drug dealers are to the unarmed? That is why many Phillipinos still support Duterte’s brutal war against drug dealers.

    It is a choice for the lesser of two evils

    Liked by 1 person

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