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4 kwi 2022 · Overview of the economic shocks of pandemics. The onslaught of the Coronavirus Disease 2019 (COVID-19) pandemic since 2020 has disrupted lifestyles and livelihoods as governments restrict...
2 sie 2021 · The Philippines has relied instead on draconian mobility restrictions across large sections of the country’s key cities and growth hubs every time a COVID-19 surge threatens to overwhelm the...
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28 kwi 2021 · The Philippines’ COVID-19 vaccine rollout may suffer from global supply shortages in the short term, and local community quarantines could be extended to curb the spread of COVID-19. Inflation is forecast to rise to 4.1% in 2021, up from 2.6% in 2020, due to rising global commodity prices and other supply-side factors.
15 wrz 2020 · The Philippine economy is forecast to contract by 7.3% in 2020 amid the coronavirus disease (COVID-19) pandemic before growth returns to 6.5% in 2021, according to a new report from ADB released today.
While 2020 was a challenging period for the Philippine economy, the government is striving to turn the pandemic into opportunity. The signing of Bayanihan 1 and 2, the reopening of vital industries and the imminent passage of the CREATE bill should support recovery.
The Philippines Economic Update (PEU) summarizes key economic and social developments, important policy changes, and the evolution of external conditions over the past six months.
The growth prospects hinge on the country’s ability to manage the COVID-19 health crisis. The economy is projected to expand at 4.7% in 2021, before accelerating to 5.9% in 2022 and 6.0% in 2023. The economic recovery will contribute to renewed progress in poverty reduction.
