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 ambitions, 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