Tag: consumption

ADB sees “strong growth” for Philippine economy this year, the next

(Eagle News) — The Asian Development Bank forecast a “strong growth” for the Philippine economy for 2017 and 2018, with inflation predicted to pick up, and current account expected to post a surplus. The Manila-based lender pegged  Gross Domestic Product growth for 2017 at 6.4 percent, and for 2018  at 6.6 percent. In 2016, ADB said the Philippine economy posted a 6.8-percent growth, buoyed by domestic demand. It said in that same year, private consumption […]