MANILA, Philippines — The Asian Development Bank (ADB) trimmed its growth outlook for the Philippines, citing heightened global uncertainties from a prolonged Middle East conflict and climate-related shocks. In its flagship Asian Development Outlook report published Wednesday, the ADB cut its 2026 growth estimate for the Philippines to 3.3 percent, from the prior forecast of 3.8 percent.  READ: IMF, ADB slash PH growth forecast The bank also lowered its outlook for 2027, estimating the economy to expand 5.1 percent from the previous projection of 5.3 percent. “The economy continues to feel the impact of the Middle East conflict, but business indicators point […]...

Keep on reading: ADB cuts PH growth outlook on war, climate risks