The Asian Development Bank (ADB) in its latest outlook kept its 6.4 percent growth forecast for the Philippine economy this year unchanged, seeing private investment, household consumption and election spending mainly driving the expansion.

“Private investment and household consumption remain strong . . . supporting the maintenance of GDP [gross domestic product] forecasts of 6.4 percent for 2015,” ADB said in the latest Asian Development Outlook (ADO) Supplement launched on Thursday.

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