FMIC: PH economy to rebound 5.5-6.5% in 2021
FMIC forecasts Philippine economy to rebound by 5.5-6.5% in 2021, supported by vaccine rollouts and increased government spending.
The PSEi is projected to reach between 7,800 to 8,100 this year, driven by a potential 24%-29% recovery in corporate earnings.
Despite cautious optimism, economist Victor Abola notes that full economic recovery will not be achieved yet this year.
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