ADB keeps 4.5-percent growth forecast for PH

By Mayvelin U. Caraballo

Jul 21, 2021 1:19 am

The Asian Development Bank (ADB) has kept its growth forecast for the Philippine domestic output for this year and next year, citing favorable trends that will help the economy recover.

The Manila-based multilateral institution said its growth outlook for the Philippine gross domestic product (GDP) are unchanged at 4.5 percent in 2021 and 5.5 percent in 2022 in a supplement to its Asian Development Outlook released on Tuesday.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Ex-BSP official warns of risk from rice prices

Asian stocks dip after Wall Street slump

Tax reforms in action and what lies ahead

FCDU loans edge up 0.7% in third quarter

Currencies muted as 2024 ends

NG gross borrowings markedly lower in Nov

Pharma firm looking to build ecozone – PEZA