Tag: keeps
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ADB keeps PHL growth forecasts unchanged
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THE ASIAN Development Bank (ADB) kept Philippine economic growth forecasts for this year and in 2025 unchanged as expected monetary easing will likely lift investments and consumption. In its latest Asian Development Outlook, the multilateral lender said it expects Philippine gross domestic product (GDP) to grow by 6% this year,…
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DBCC keeps growth targets until 2028 despite external headwinds
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ECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds. The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained its Philippine gross domestic product (GDP) growth target at 6-7% this year, and at 6.5-7.5% in 2025. “Despite external…
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WB keeps PHL growth projection for 2024, 2025
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THE WORLD BANK (WB) kept Philippine growth forecasts for 2024 and 2025 amid improved global conditions and better trade, but said delayed policy easing and China’s property sector woes pose risks to the outlook.