Unable to contain COVID-19 and given the slow mass vaccination, the Philippines’ economic recovery is expected to drag and only see a semblance of the strong prepandemic growth pace toward year’s end, Moody’s Analytics said on Tuesday.
In the Philippines, “we see the pace of recovery rather slow through the third quarter and finally picking up some speed in the fourth quarter,” Moody’s Analytics chief Asia-Pacific economist Steven Cochrane said in an email even as the region as a whole is expected to lead global economic rebound by the second half of 2021.
“By the fourth quarter, we should see the beginnings of economic acceleration as vaccinations finally begin to make a differenc…
Keep on reading: Strong PH recovery to start in 4th quarter