Multilaterals see a better year for PH

By Anna Leah E. Gonzales

Oct 11, 2021 1:03 am

The Philippine economy is expected to post a rebound in 2021 but the expansion will hinge on factors such as Covid-19 developments and the pace of vaccinations, multilateral organizations said.

Gross domestic product (GDP) growth contracted by a record 9.6 percent in 2020 as the Covid-19 pandemic dashed any hopes of a recovery from the economic impact of Taal volcano's eruption in January that year.

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