Business

World Bank Cuts PH Growth Forecast for 2015

The World Bank said the Philippine economy will likely grow slower this year than its previous estimate, but will remain as the second fastest growing economy.

In its latest East Asia Pacific Economic Update report, World Bank slashed its forecast for the Philippines’ gross domestic product (GDP) growth to 6.5 percent this year from the previous estimate of 6.7 percent in October last year.

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Source: Manila Bulletin

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