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.

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