Philippine recovery seen lagging region due to high new-infection levels

According to UK-based Oxford Economics, the Philippines' economic recovery is expected to lag behind other Asian countries due to its poor containment of the coronavirus.

The report notes that while some Asia-Pacific nations like China and South Korea are making progress with easing restrictions and increasing workplace mobility, the Philippines continues to struggle with rising infection rates.

Oxford Economics expects countries that have not effectively contained COVID-19 to lag in their economic recovery compared to those that have made significant strides in controlling the outbreak.