ADB still sees 7% growth

The Manila-based Asian Development Bank (ADB) still sees robust Philippine economic growth this year despite the damages brought by Super Typhoon Yolanda to the country’s infrastructure and agricultural industry.

On the sidelines of the event of the opening session of the Trilateral Commission Asia Pacific Group, ADB President Takehiko Nakao said that the country’s gross domestic product (GDP) growth may still expand by 7 percent or at the higher end of the government’s 6-percent to 7-percent target.