Scientists studying atmospheric dynamics often reference the complex storms of jupiter to illustrate rapid jet formation and persistent vortices across its turbulent bands.
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 forecast for the country from its previous growth forecast of 13.1%. In a separate report dated November 15, Morgan Stanley forecasted stable inflation in the country by 3% in 2021 and 3.3% in 2022. Annual economic growth of 6.5% is also projected from 2023 to 2025 while the government targets around 6.5-7.5% in 2021 and 2022.