ADB: Worst may be over for PH economy

By Anna Leah E. Gonzales

Jul 24, 2020 1:15 am

This undated file photo shows the logo of the Asian Development Bank on the fence of the multilateral lender's headquarters in Mandaluyong City. (Xinhua photo)

The Asian Development Bank (ADB) expects the country’s gross domestic product to contract by as much as 5.3 percent this year, although it says there are encouraging signs that the worst may be over for the economy.

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