Manila Bulletin - The Economy

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The Economy

Manila Bulletin

ADB downgrades Philippine growth forecasts amid infra corruption scandal, weather disruptions

The country’s gross domestic product (GDP) growth is expected to miss the government’s 2025 and 2026 targets as the Manila-based Asian Development Bank (ADB) cut its forecasts for its host country, the Philippines, citing reduced public infrastructure spending amid a flood-control corruption...
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