THE Asian Development Bank (ADB) has revised its Philippine growth outlook for 2015, taking into account the impact of weak external demand and government spending on the economy.
In an update to its flagship Asian Development Outlook (ADO) 2015, the Manila-based lender is now saying that the Philippine gross domestic product (GDP) is likely to grown by 6 percent this year from a forecast of 6.4 percent in the March.
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