ADB keeps 2024 growth forecast of 6% for PHL

Q: How long will it take to read this news story?

The story "ADB keeps 2024 growth forecast of 6% for PHL" has 466 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "ADB keeps 2024 growth forecast of 6% for PHL" was covered 10 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 100 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21666045</li><li>URL: https://beamstart.com/news/adb-keeps-2024-growth-forecast-17212330627479</li></ul>

Business Mirror Logo Business Mirror 10h ago

ADB keeps 2024 growth forecast of 6% for PHL - Business Mirror

Quick Summary:

THE Asian Development Bank (ADB) has maintained its growth forecast for the Philippines at 6 percent for this year, with "moderating” inflation and expected monetary easing in the second half of 2024 supporting household consumption and investment.

According to the July 2024 Asian Development Outlook, ADB’s gross domestic product (GDP) forecast for the Philippines remains unchanged for 2024 and 2025 at 6 percent, and 6.2 percent, respectively.

Another risk in the near-term, ADB noted, is weather-related events such as the impending La Niña.“Adverse weather conditions and impacts of climate change could constrain supply and push up commodity prices,” said ADB.