On the same day, however, the international credit-rating agency – S&P Global Ratings, based in the United States – said the Philippine economy may emerge as one of the fastest-growing economies in the region and rebound with a growth of 9.6 percent this year and 7.6 percent next year.
The year 2020 was a dismal one for the Philippine economy – as it was for all other economies in the world. The country’s economic contraction was the worst since the government started collecting data for the annual GDP in 1946.
This story is from the January 31, 2021 edition of Manila Bulletin.
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This story is from the January 31, 2021 edition of Manila Bulletin.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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