BusinessWorld E-paper
August 04, 2022
THE PHILIPPINE economy will continue to recover “rapidly” this year, although the pace of expansion likely slowed in the second quarter, economists at First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said.
“The country’s economic recovery should remain on track, despite likely slight easing startingQ2. More robust economic data— higher employment, (National Government) spending and capital goods imports — as well as firm growth in exports and OFW (overseas Filipino workers) remittances, should provide the impetus,” the economists said in their July report of The Market Call.
