THE Asian Development Bank (ADB) on Tuesday raised its 2021 and 2022 Philippine growth forecasts, citing the country's ramped-up vaccination program and declining Covid-19 cases.

In an update to its 2021 Asian Development Outlook, the Manila-based multilateral said Philippine gross domestic product (GDP) growth would likely hit 5.1 percent this year, up from 4.5 percent previously.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details