Although the Philippines economic recovery may take time, firms which openly embrace the “new normal” are expected to be thequickest to get back on track. - Bloomberg
MANILA (Philippine Daily Inquirer/ANN): After a challenging 2020 that brought us our fair share of natural disasters, a pandemic, and an economic recession, we begin 2021 full of hope for a better year.
Economic managers are touting a full-fledged bounce back for the economy, with the Philippines’ gross domestic product (GDP) forecast to grow anywhere from 6.5 to 7.5 per cent, as they cite a four-pillar strategy while banking on the country’s demographic dividend to recover from the pandemic-induced recession.
