MANILA, Sept 22 (Bernama): The Philippine economy is recovering but remains "fragile" because of periodically tighter Covid-19 mobility restrictions, particularly in Metro Manila, the Asian Development Bank (ADB) had announced this week.
An update to the Asian Development Outlook (ADO), the ADB's widely followed economic publication, maintained the growth forecasts for the Philippines at 4.5 per cent in 2021 and 5.5 per cent in 2022, as recovering domestic demand and improving global trade align with the ADO's projections announced in April.
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