Philippines economy steady, growth ahead

November 10, 2021

MANILA-- A heightened pandemic risk in the third quarter had little impact on Q3 GDP growth in the Philippines, but both household consumption and services activity strengthened, ANZ says in an economic note.

"The improving health situation and a pick-up in the vaccination rate augur well for growth in coming quarters," the bank says.

"We also do not expect any let-up in policy support to growth, particularly as inflation has softened of late."  (ATI).