Philippine economy seen growing at least 5%

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In its latest report, GlobalData, a leading data and analytics company in the UK, estimates that gross domestic product of emerging and developing economies will grow by an average of 6.3 percent.

STAR/Miguel De Guzman, file

 

Louise Maureen Simeon (The Philippine Star ) 

 

MANILA, Philippines — The Philippine economy is expected to grow at least five percent this year, still below government targets, as the pace of vaccination rollout and possibility of lockdown measures may dampen the much-needed recovery.

 

In its latest report, GlobalData, a leading data and analytics company in the UK, estimates that gross domestic product of emerging and developing economies will grow by an average of 6.3 percent.

 

Growth will be led by India at 9.4 percent despite an intense second wave of COVID-19 cases, and China at 8.61 percent.

 

Full story: https://www.philstar.com/business/2021/07/05/2110186/philippine-economy-seen-growing-least-5

 

-- The Philippine Star 2021-07-05