THE GOVERNMENT is likely to run a wide fiscal deficit until 2022 as it supports the economy amid the coronavirus crisis, Fitch Solutions Country Risk & Industry Research said. “We see limited risks from running wide deficits in the near term given the economy’s need for demand and investment. However, longer-term pressures on public finances […]
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Philippine banks’ NPL ratio may rise up to 5% by end-2021 – Fitch
The Philippine banking industry will likely see a rise in soured loans this year as many consumers struggle to settle their debts amid the crisis, Fitch Ratings said. The non-performing loan (NPL) ratio is expected to spike to 4.5-5% by end-2021 as more bad loans pile up in the first half, the debt watcher said […]