A PROLONGED war in the Middle East, coupled with climate-related shocks, is expected to weigh on the country’s economic growth, prompting the Asian Development Bank (ADB) to trim its growth outlook. “Given the geopolitical tensions, which we [have seen] escalate since the July Asian Development Outlook, this [has] heightened and broadened inflationary pressures, sharply raising costs for households and businesses,” ADB Senior Economics Officer Teresa Mendoza said during the release of the September Asian Development Outlook (ADO) on Wednesday. “Along with the delays in public investment, which we saw up to the second quarter of this year, this [has] actually dampened growth more widely than we expected,” she added.    https://www.manilatimes.net/2026/09/24/business/top-business/adb-cuts-ph-growth-outlook/2431721 (ICE SINGAPORE)

Fonte notizia: The Manila Times, 24 September 2026