Philippine Economy Expected to Rebound by 5.5-6.5% in 2021

The economy of the Philippines is projected to rebound by 5.5-6.5% in 2021 after falling by 10% as of the third quarter of 2020, according to First Metro Investment Corporation, the investment banking arm of Metrobank Group.

Dr. Victor Abola, University of Asia and the Pacific (UA&P) economist, said “The global recovery will return to strength by 2022 and the Philippine economy will start rebounding trying to reach the 2019 level,”

Source: Philippine News Agency