The Asian Development Outlook July report released yesterday showed that the multilateral lender has retained its growth outlook for the Philippines for this year and 2025.
In particular, the ADB expects the Philippines’ gross domestic product (GDP) growth for this year at six percent, unchanged from the forecast it provided last April.
This forecast is at the low end of the government’s six to seven percent economic growth goal for the year.
ADB’s GDP growth forecast for the Philippines, if realized, will make the country the fastest growing economy along with Vietnam in Southeast Asia.
The ADB expects lower GDP growth rates in other countries in the region such as Indonesia (five percent), Malaysia (4.5 percent), Thailand (2.6 percent) and Singapore (2.4 percent).
The ADB also kept its economic growth forecast for the Philippines at 6.2 percent for 2025.
Bu hikaye The Philippine Star dergisinin July 18, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin July 18, 2024 sayısından alınmıştır.
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