BusinessWorld E-paper
October 1, 2024
A SLOWDOWN in US consump- tion could hurt Philippine remit- tances and exports, though this is still outweighed by domestic risks, Fitch Ratings said.
“Fitch expects some of the main channels of impact would be via weaker US demand for goods imports and outbound tourism, lower remittances and the effects on financial channels and commodity prices,” it said in a report.
