Philippines to post robust growth despite inflation pressures, says ADB

MANILA, April 4 (Bernama-Xinhua): Philippine economic growth is expected to remain in a healthy expansion mode this year from 2022's forecast-beating outturn, underpinned by rising domestic demand and a recovery in services, particularly tourism, according to a new Asian Development Bank (ADB) report released on Tuesday.

Asian Development Outlook (ADO) April 2023, the ADB's flagship economic publication, expects the Philippine economy to grow by 6.0 per cent this year, climbing further by 6.2 per cent in 2024.