Think tank projects PH economy to grow 5.5% this year and next

New York-based think tank Global Source Partners projects Philippine economic growth at 5.5% for both this year and next, surpassing the government's target of 4%-5%. Despite a Delta-driven surge in Q3, the economy grew by 7.1%, bringing year-to-date growth to 4.9%. The think tank forecasts uneven growth ahead due to lingering pandemic effects.

Global Source Partners notes that Philippine GDP is expected to return to pre-pandemic levels only by late 2022, which is later than other projections.