ADB keeps GDP forecast for PHL, but warns of risks 

Quick Summary:

THE Philippine economy may post a GDP growth of 6 percent or better this year and next year but risks still loom on the horizon, according to the Asian Development Bank (ADB).

The infrastructure program aims to enhance physical connectivity through railways, bridges, and airports, or strengthen water management through irrigation, water supply, and flood control.

The report stated that Josep Borrell, the EU foreign policy chief, came before journalists just after news broke from Lebanon of at least eight people killed and 2,750 others wounded by exploding pagers across the country, including members of the militant group Hezbollah.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesChinaIsraelLebanon

Topics: Inflation Development Forecast Project 2024 Infrastructure Percent Year Growth Risks Country

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 16:18:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 697 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22708337

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 45 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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