2025 Philippine economy projected to grow 6.2% by ADB's ADO 2024, driven by easing inflation, domestic demand, and public investment.
The Philippine economy is expected to grow at 6% this year and 6.2% in 2025, according to the Asian Development Bank's (ADB) Asian Development Outlook (ADO) 2024. The growth is attributed to easing inflation, stronger domestic demand, and higher public investment. The Philippines will continue to be among the fastest-growing economies in Southeast Asia amid potential severe weather events that could lead to inflation pressures.
April 10, 2024
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