The Asian Development Bank (ADB) has upgraded its Philippine growth forecasts for this year and the next on account of infrastructure investments as well as strong household consumption.
“GDP (gross domestic product) growth forecasts are raised from 6.5 percent to 6.7 percent for 2017 and from 6.7 percent to 6.8 percent for 2018,” the Manila-based lender said on Wednesday in a supplement to its Asian Development Outlook.
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