ADB still sees 6% growth for PH

By Mayvelin U. Caraballo

Apr 07, 2022 12:25 am

THE Asian Development Bank (ADB) has maintained its Philippine economic growth outlook of 6 percent for this year, citing stronger domestic investment and consumption as key drivers of expansion.

'The economic recovery is expected to gain traction this year and next, underpinned by strengthening domestic investment and consumption. GDP (gross domestic product) growth is forecast at 6 percent in 2022 and 6.3 percent in 2023,' ADB underscored in its Asian Development Outlook 2022 report released on Wednesday.

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