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25 Ottobre 2021

Filippine

MUFG: PH ECONOMIC RECOVERY MAY TAKE UP TO 3 MORE YEARS

Philippines (21st October 2021) – According to Japanese banking giant MUFG, it will likely take the Philippines two to three years to return to pre-pandemic productivity, but the country is unlikely to succumb to “stagflation” or a prolonged economic downturn that comes with persistently high inflation and unemployment rates.   MUFG downgraded its Philippine gross domestic product (GDP) forecast for this year to 4.9% from 6.2% due to the reimposition early this year of tough lockdown protocols due to the resurgence in COVID-19 case.   https://business.inquirer.net/332858/ph-economic-recovery-may-take-up-to-3-more-years-says-mufg (ICE SINGAPORE)


Fonte notizia: Business Inquirer, 21st October 2021