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Philippines seen as ‘clear laggard’ in Asia
Moody's Analytics identifies the Philippines as the
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Sun Life Asset Management Co., Inc. anticipates an extended U-shaped economic recovery for the Philippines, with output returning to pre-pandemic levels in approximately two years due to subdued household spending and the ongoing COVID-19 pandemic.
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Finance Secretary Carlos Dominguez anticipates the Philippine economy could start growing again in the second quarter of 2021 due to declining COVID-19 cases and the ongoing mass vaccination program.
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The Development Budget Coordination Committee (DBCC) has lowered the Philippines' GDP growth target for 2021 from 6.5-7.5 percent to 6-7 percent due to stricter enhanced community quarantine (ECQ) in the NCR Plus bubble and the rise of COVID-19 variants.
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