The international debt watcher expects the Philippines to grow by an average of 6.6% for the next five years, according to its third-quarter sovereign report published last week.

The forecast is well above the 2.9% median growth for similarly rated economies under the “BBB” cluster. Fitch affirmed on March 29 its “BBB-” rating -- the minimum investment grade -- with a “positive” outlook for the Philippines as it cited the country’s robust growth story backed by ample external buffers.

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