News Snapshot:
0 THE PHILIPPINES will likely lag the expected rebound in exports by the biggest Southeast Asian economies, think tank Oxford Economics reported. In a note released Monday, Oxford Economics projected that goods exports will only account for 2.7 percentage points (ppts) to gross domestic product (GDP) this year, the smallest proportion of the six major ASEAN economies, known as the ASEAN-6. The regional average is projected at 6.6 ppts. “After a dismal 2020 for exports, we forecast a turnaround this year for the ASEAN-6 economies. Exports will make a positive contribution to growth for all six economies, but most prominently...
