The forthcoming 2022 presidential election would add to risks slowing the Philippines’ recovery from the COVID-19-induced recession such that it will be among the last in the region to revert to its prepandemic growth path.
In a report on Wednesday, Moody’s Analytics chief Asia-Pacific economist Steven Cochrane and associate economist Sonia Zhu said that in Asia-Pacific, “Thailand and the Philippines will be the last to reach their expansion milestones.”
In the case of the Philippines, Moody’s Analytics blamed prevailing concerns on the prolonged quarantine restrictions, which dampened business and consumer sentiment, modest fiscal stimulus, delayed rollout of big-ticket infrastruc…
Keep on reading: Poll uncertainty adds to risks to recovery