ADB says PHL still likely to post second-fastest growth in Southeast Asia - BusinessWorld Online

ADB says PHL still likely to post second-fastest growth in Southeast Asia - BusinessWorld Online

THE ASIAN Development Bank (ADB) slashed its growth forecasts for the Philippines for this year and 2026 but it is still expected to be the second-fastest growing economy in Southeast Asia. In its December Asian Development Outlook (ADO), the multilateral lender slashed its Philippine gross domestic product (GDP) growth forecast to 5% from 5.6% in September. For 2026, the ADB trimmed its Philippine growth forecast to 5.3% from 5.7% previously. T…