26452
Philippines Growth Lowered
World Economy

Philippines Growth Lowered

The Asian Development Bank cut its growth forecast for the Philippines this year after public underspending weighed on the country’s growth prospects, although local output is expected to pick up for the rest of the year and next, the regional lender said in a new report, Business World reported. In its Asian Development Outlook Update 2015 titled “Enabling Women, Energizing Asia,” ADB now sees the Philippine economy growing at just 6% in 2015, down from its 6.4% projection in March and July. ADB, however, kept its 2016 projection at 6.3%.

 

Short URL : https://goo.gl/Mb7QZN
  1. https://goo.gl/98NGQJ
  • https://goo.gl/PNVggn
  • https://goo.gl/n1ea53
  • https://goo.gl/OfPP3y
  • https://goo.gl/y6Szdd

You can also read ...

While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...
Wells Fargo Will Cut Workforce
Wells Fargo & Co said on Thursday it would reduce its...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...

Trending

Googleplus