Economy will remain in catch-up mode

By Mayvelin U. Caraballo

May 01, 2022 12:15 am

DESPITE the improving Covid-19 pandemic scenario in the country, the Philippine economy would continue in catch-up mode, Capital Economics said.

'While pandemic disruption is now largely in the rear-view mirror,' it noted in a report, 'a huge toll from past disruption means output is set to remain permanently behind its pre-crisis trajectory.' Despite a big Omicron wave in January, the country's gross domestic product (GDP) likely increased in the first quarter of this year, the research consultancy company added.

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