Diplomacy
ADB Reviews Philippines Growth Forecast Amid Economic Slowdown
The Asian Development Bank (ADB) is reviewing its economic growth outlook for the Philippines due to a slowdown in third-quarter growth. New projections are expected to be released on December 7.
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The Philippines' Development Budget Coordination Committee (DBCC) will review the government's economic targets in late December, factoring in the potential impact of El Niño. This review comes after a slowdown in third-quarter economic growth, raising attention on the future economic outlook.