00:00 The Asian Development Bank, or ADB, forecast the Philippine economy to grow by 5.7% this
00:06 year.
00:07 The bank trimmed down the country's economic growth projection from 6% in April due to
00:13 elevated inflation and global headwinds.
00:15 ADB still kept its Gross Domestic Product forecast at 6.2% in 2024, same as the projection
00:24 last April.
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