Tag page - ADB Philippine country director

The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...

Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...