ADB cuts Philippine growth forecast, expects inflation to hit harder

RAPPLER

MANILA, Philippines – The Asian Development Bank (ADB)  slashed its economic growth outlook for the Philippines to 6.4% from 6.8% for 2018, as inflation continues to wreak havoc.

The ADB also revised its growth outlook for 2019 to 6.7%, 2 percentage points lower than its initial projection.

It said the revision ... via PK