News Snapshot:
The Philippines’ economic recovery is expected to be slower compared to its peers in the region. — REUTERS THE Philippines’ path to economic recovery faces headwinds, as coronavirus disease 2019 (COVID-19) cases continue to rise and policy measures rolled out by the government are still “meager.†In a report published Wednesday, Oxford Economics measured the recovery paths of 12 economies across Asia Pacific based on the following criteria: health and economic vulnerability, stringency of lockdowns, success in containing the virus, and macro policy support. The Philippines recorded the second-lowest score after India. Vietnam, on the other hand, had the brightest...
