BusinessWorld E-paper
April 05, 2023
THE Asian Development Bank (ADB) kept its 6% growth forecast for the Philippines this year, although it expects global headwinds, elevated inflation and tighter monetary policy to weigh on the outlook.
In its Asian Development Outlook (ADO) April 2023 Update, the ADB maintained its Philippine gross domestic product (GDP) growth forecast at 6%, which would make it the second fastest-growing economy in Southeast Asia. This is within the government’s 6-7% full-year target.
