ADB

5.5 percent from the previous estimate of 6.3 percent.

- — Louella Desiderio

"The tariff impact on the Philippines itself, the direct impact itself is not very large compared to other parts of the region, given the more domestic centric structure of the Philippines' economy, but there will be broader impact on the global slowdown on the economy," Allen Ng, group head and principal economist at AMRO, said in a press conference yesterday.