ADB cuts anew 2019 PH growth forecast to 6%

By The Manila Times

Sep 25, 2019 12:34 pm

THE Asian Development Bank (ADB) has downgraded anew its 2019 Philippine economic growth forecast on the back of sluggish global growth and domestic investment.

In its updated Asian Development Outlook report, the ADB said it was expecting the country’s gross domestic product (GDP) to grow by 6 percent this year from the projected 6.2 percent.

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