According to financial giant Morgan Stanley, the Philippine economy is set to rebound in 2021 with a prospect for low inflation and the government’s push for infrastructural development. The “looming availability of vaccines against COVID-19” also contributes to an optimistic economic outlook next year. The multinational investment bank sees a 13.5% increase in its GDP …
Due to a number of positive factors such as prudent fiscal and monetary policies to preserve consumer and business confidence, the Philippine economy was expected to improve and rise from the first quarter of 2019. Other factors that contributed to an optimistic outlook for the Philippine economy at the beginning of the year include the …
The Philippines is experiencing a unique period of growth and is expected to continue along that path in the short term, according to the Asian Development Bank (ADB). In its 2018 Asian Development Outlook 2018 released on Wednesday, April 11, ADB projected the Philippine economy to grow by 6.8% for this year and 6.9% for …
