THE PHILIPPINES is expected to be the second fastest-growing economy in Southeast Asia this year and in 2023, despite global headwinds, according to the Asian Development Bank (ADB).
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ADB raises 2022 economic growth forecast for Philippines to 7.4%As employment data improved and tourism recovered thanks to the lifting of COVID-19 mobility restrictions, the ADB now expects Philippines’ gross domestic product to grow by 7.4 percent in 2022, better than its 6.5 percent forecast last September.
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Philippines can’t deliver on climate programs without stronger budget, int’l financing commitments — ADB - BusinessWorld OnlineTHE PHILIPPINES needs to budget more effectively and tap more financing for its climate-change mitigation efforts, given the limited internal resources available to meet its international commitments, the Asian Development Bank (ADB) said. “With only 2.7% of the 75% (emissions reduction) target to be financed through the public budget, turning ambition into delivery will depend […]
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ADB raises Philippines 2022 growth outlook to 7.4%Inflation, however, will spoil growth prospects in 2023.
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Marcos, Brussels airport exec discuss direct flights from Belgium to PHDirect flights from Belgium to the Philippines is expected to boost the economy and tourism of the Philippines, Western Europe, as well as countries in Southeast Asia.
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ADB: Sovereign wealth fund can help deepen capital marketsManila-based multilateral lender Asian Development Bank (ADB) on Wednesday said the establishment of a sovereign wealth fund could be beneficial to the economy amid the proposal to establish one —the Maharlika Wealth Fund.
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ADB raises PH growth outlook for 2022The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds.
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