The Asian Development Bank (ADB) is keeping its Philippine growth forecasts at 6.5 percent for this year and 6.7 percent for 2018, with support expected to come from consumer spending and public investments.

“GDP (gross domestic product) growth is projected to strengthen in the rest of the year and in 2018 as domestic demand is likely to continue to expand in the near term,” the Manila-based lender said on Tuesday in an update to its Asian Development Outlook.

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