The Philippine economy may be hard-pressed to even grow by 5 percent this year as no relief is yet in sight from the coronavirus (COVID-19) pandemic a year since the outbreak, prompting a return to tough lockdown protocols.
This was according to Romeo Bernardo, economist at New York-based think tank Global Source, who said in a research note dated April 5 that the present crisis was a “concrete display of what has kept us worried all this time and why we have not been able to shake off a more pessimistic outlook for the economy.”
At the beginning of the year, median forecasts of 13 institutions polled by the Inquirer indicated that the Philippines might grow by 6.5 percent this yea…
Keep on reading: Economist sees slim chance of 5% GDP growth