BusinessWorld E-paper
January 21, 2021
THE PHILIPPINE gross domestic product (GDP) is likely to grow slower than previously expected this year as economic activity is impacted by the Omicron-driven surge in coronavirus disease 2019 (COVID-19) infections, Moody’s Analytics said.
Moody’s Analytics in a note on Thursday said it now expects the Philippine economy to grow by 5.6% this year, well below the government’s 7-9% target This is also lower than the 6.4% growth forecast given in October 2021.
