BusinessWorld E-paper
February 17, 2022
THE PHILIPPINE ECONOMY is expected to grow above 7% in the next few years, but is still grappling with pandemic scars as seen in the lost output gap in the gross domestic product (GDP), S&P Global Ratings said on Wednesday.
“As of the latest GDP reading, at the end of the fourth quarter 2021, we still estimate that the Philippine GDP level is 14% below where it would have been without the pandemic,” Vincent Conti, S&P senior economist, said at an online webinar.
