MANILA -The Asian Development Bank revised downward its gross domestic product growth forecast for the Philippines to 5.7 percent in 2023 from the 6 percent forecast last April, and maintained a 6.2-percent outlook for 2024. In an update of its Asian Development Outlook 2023 Report, ADB said expansion of the Philippine economy in 2023 will moderate --- from 7.6 percent in 2022 --- even more than previously expected because of high inflation as well as geopolitical tensions and a sharper-than-expected slowdown in major advanced economies. "The Philippines' growth story remains strong despite an expected moderation in 2023," said ADB Philippines Country Director Pavit Ramachandran," ...Keep on reading: ADB cuts PH growth forecast for 2023