Ramping up spending on infrastructure and other public goods and services ahead of the election ban would aid economic recovery this year, even as slow mass vaccination remains the top hindrance to the Philippines’ quick rebound from recession, UK-based Pantheon Macroeconomics said.
“Capex (capital expenditures) will probably receive a lift from projects being front-loaded ahead of the May 2022 elections,” Pantheon Macroeconomics senior Asia economist Miguel Chanco said in their second-half outlook report for emerging Asian economies.
Government agencies cannot start new projects starting March up to the elections on May 9, 2022.
Ahead of the election ban, the Cabinet-level Deve…
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