ADB revises forecast for PH economy: 3.8 percent drop in GDP

ADB revises forecast for PH economy: 3.8 percent drop in GDP

The Asian Development Bank (ADB) sees growth across developing Asia-Pacific falling to a 59-year low largely because of the COVID-19 pandemic, with the Philippines suffering a 3.8 percent drop in gross domestic product (GDP). The ADB’s Asian Development Outlook (ADO) Supplement report released on Thursday (June 18) showed that it reversed its GDP forecast for […]