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The tack to safely reopen the economy through localized lockdowns instead of blanket restrictions in the past would allow the Philippine economy to not only grow within-target in 2021 but also recover ground lost due the pandemic as early as the first quarter of 2022, President Duterte's economic team said on Friday. Speaking before foreign business chambers, Socioeconomic Planning Secretary Karl Kendrick Chua was more optimistic than most private-sector economists' projections that gross domestic product (GDP) or economic output would match prepandemic levels only toward the end of next year, making the Philippines a laggard in the region alongside Thailand. "Prospects for 2021 re...

Keep on reading: Return to pre-COVID growth seen by Q1 ’22
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