ADB lowers its forecast for PH growth this year to 5.7% due to rising prices, outside challenges
By Jan Michael Carpo, Reporter The Asian Development Bank (ADB) has reduced its economic growth forecast for the Philippines in 2023 due to rising prices and outside challenges. In its “Asian Development Outlook September 2023 report,” the ADB stated that it is lowering its growth forecast for the country to 5.7 percent this year — […]