The outlook for the Philippines is “looking up, for now” due to slowing COVID-19 infections that augured well for economic recovery and the reopening of more businesses under minimum health standards, according to Moody’s Analytics.
However, the think tank cautioned the government against reopening too quickly amid the lingering threat from more contagious virus variants, which inflicted stringent lockdowns in neighboring countries.
“Given the recent trend of virus resurgence and spread of the Delta variant across the Asia-Pacific, the Philippine government needs to be cautious in loosening its social restrictions,” Moody’s Analytics economists Katrina Ell, Dave Chia and Stefan Ang…
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