Friday, December 3, 2021

After withstanding a third quarter Delta variant surge and ending this year on a high note, the Philippines is facing a "challenging" year ahead, with uneven economic growth seen to prevail given the "ills that followed COVID-19 out of Pandora's box." This is according to New York-based think tank Global Source, which projected that the country's gross domestic product (GDP) would grow by 5.5 percent next year, same pace of expansion seen for this year. Its GDP forecast for next year is much lower than the consensus growth outlook of 6.8 percent. In a research note dated Dec. 2, written by Filipino economists Romeo Bernardo and Marie Christine Tang, Global Source sees the country's...

Keep on reading: Rocky growth for PH seen as pandemic lingers
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December 03, 2021 No comments » by Any Ideas Are Welcome
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