Marcos faces growth test as graft probe stalls projects
MANILA, Philippines – The ongoing probe into alleged corruption in government-funded flood control projects could cause short-term disruptions in construction, potentially undermining President Marcos’ infrastructure agenda and growth ambition, Pantheon Macroeconomics said.
In a note to clients, Pantheon economist Miguel Chanco warned that the antigraft campaign may stir up risk aversion among both private contractors.
https://business.inquirer.net/548474/marcos-faces-growth-test-as-graft-probe-stalls-projects
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