Philippines in 2021: The economy continues to lose steam ...
· The Philippine economy is mired in a recession with yeartodate GDP at 10% as elevated Covid19 infections force an ongoing 9monthlong partial lockdown in the capital and surrounding provinces. Authorities have acknowledged that growth will contract sharply on a yearonyear basis in 2020 but continue to bet on a quick recovery in 2021 ( to %) and 2022 .