Arab Today, arab today adb downgrades philippine annual growth forecast to 62
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

ADB downgrades Philippine annual growth forecast to 6.2%

Arab Today, arab today

Arab Today, arab today ADB downgrades Philippine annual growth forecast to 6.2%

Asian Development Bank (ADB)
Manila - XINHUA

 The Asian Development Bank (ADB) on Wednesday downgraded its growth forecast for the Philippines this year following the country's lower-than-expected third quarter expansion.
In a supplement to its Asian Development Outlook 2014 Update, the ADB revised its growth outlook for the Philippines to six percent for the full-year from its previous forecast of 6.2 percent.
"Robust private consumption and higher private investment and net exports were insufficient to balance unexpectedly weak public spending," said ADB.
However, the ADB maintained its Philippine forecast for 2015.
"Continued strong household consumption bolstered by steady growth in remittances and increases in domestic employment will, along with improved government spending, support a pickup in growth next year and the Update's growth forecast of 6.4 percent for 2015," the document said.
The ADB added that first nine month growth in several large Southeast Asian economies was disappointing, prompting slight reductions to projections for Indonesia, the Philippines, Singapore, and Thailand.
The ADB also downgraded the forecast for the gross domestic product growth for the region this year from 6.2 percent to 6.1 percent. Its forecast for 2015 regional growth was mended to 6.2 percent from 6.4 percent previously.


 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adb downgrades philippine annual growth forecast to 62 Arab Today, arab today adb downgrades philippine annual growth forecast to 62

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adb downgrades philippine annual growth forecast to 62 Arab Today, arab today adb downgrades philippine annual growth forecast to 62

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday