PHILIPPINE economic growth will likely be lower than previously forecast but still hit the government's target this year, the Asian Development Bank (ADB) said on Wednesday. In an April update to its Asian Development Outlook, the Manila-based lender cuts its outlook for 2025 gross domestic product (GDP) to 6.0 percent from 6.2 percent. That for next year is a slightly higher 6.1 percent. The projections, the ADB stressed, were finalized before US President Donald Trump unveiled "reciprocal" tariffs ranging from 10 percent to as much as 50 percent on imports from trading partners including the Philippines, which was slapped with a 17-percent duty. https://www.manilatimes.net/2025/04/10/business/top-business/adb-cuts-ph-growth-forecast/2089476   (ICE SINGAPORE)

Fonte notizia: The Manila Times, 10 April 2025