ADB slashes PH’s inflation forecast, maintains growth outlook for 2024-2025
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NewsTranscript
00:00The Asian Development Bank, or ADB, is expecting the country's inflation to slow down this year.
00:06In its outlook for this month, the ADB sees inflation to decelerate to 3.6 percent
00:12from earlier estimate of 3.8 percent, reflecting the sustained slowing down of increases in food
00:18prices, partly due to lower tariffs on imported rice. While in 2025, inflation is expected to
00:25ease further to 3.2 percent compared to the previous estimate of 3.4 percent. Moreover,
00:32ADB maintained its growth forecast for the country's economy at 6 percent for 2024 and 6.2
00:39percent in 2025.