THE Asian Development Bank (ADB) again lowered its 2019 economic growth forecast for the country on the back of sluggish global growth and domestic investment.
In its latest “Asian Development Outlook” report, the Manila-based multilateral lender said it expected the Philippines’ gross domestic product (GDP) to grow by 6 percent this year, trimmed from the 6.2 percent projected in July, 6.4 percent in April and 6.7 percent in September 2018.
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