MANILA (Xinhua):- The Asian Development Bank (ADB) said Wednesday in a report that the Philippine economy is forecast to grow by 5.7 per cent this year compared to the 6 per cent projection in the April report.
The country's economic growth is expected to moderate this year due to inflation and global headwinds before picking up in 2024 as price pressures ease, according to ADB's Asian Development Outlook September 2023.
