BusinessWorld E-paper
July 22, 2022
THE ASIAN Development Bank (ADB) on Thursday said it had
raised its growth forecast for the Philippines this year, but warned
that a slowdown in global growth and a spike in commodity prices
could threaten recovery.
In its Asian Development Outlook 2022 Supplement, the multilateral lender said the country’s gross domestic product (GDP) is now projected to expand by at least 6.5% this year, higher than its 6% forecast made in April.
