IMF, ADB raise 2016 growth outlook for PH

Up at 6.4% from 6% on strong investment, consumption, infra plans

THE International Monetary Fund (IMF) and the Asian Development Bank (ADB) have both revised upward their 2016 growth forecasts for the Philippine economy to 6.4 percent on the back of strong investment, private consumption, and the government’s plan to improve infrastructure and human capital.