ANZ: PH economic recovery may be delayed by coronavirus

ANZ Research warns that the spread of coronavirus disease 2019 (COVID-19) could delay the Philippines' economic recovery this year.

The report notes that while full-year growth is expected to remain on track, Q1 GDP growth will likely be impacted due to factors like remittances, consumption, and tourism.

ANZ Research maintains its 6.2% GDP forecast for 2020 but emphasizes the need for fiscal and monetary support from the government and central bank.

The impact of COVID-19 on full-year GDP remains unclear, depending on containment efforts and infrastructure spending.