ADB slashes PH inflation forecast for 2024, maintains GDP projection
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NewsTranscript
00:00The Asian Development Bank or ADB has revised its inflation forecast for the country this year.
00:06According to Philippine News Agency report, ADB lowered its inflation outlook to 3.3 percent
00:14from an earlier projection of 3.6 percent. That report attributed the easing inflation
00:20to the reduction in rise import tariffs. Meanwhile, the ADB maintained its gross domestic
00:27product or GDP projection for the country at 6.6.2 percent for 2024 and 2025 respectively.