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Philippine economy’s recovery momentum to depend on pace of vaccinations, continued fiscal support

THE ASEAN+3 Macroeconomic Research Office (AMRO) tempered its economic growth forecast for the Philippines this year due to a resurgence in coronavirus disease 2019 (COVID-19) infections coupled with a sluggish vaccine rollout, highlighting the need for the government to boost fiscal support to minimize economic scarring. Read the full story.

Philippine economy’s recovery momentum to depend on pace of vaccinations, continued fiscal support