Philippine Economy’s Sustained Recovery Hinges on Faster Vaccination; Continued Fiscal Support

The Philippine economy is recovering from its recession in 2020, but given the resurgence in COVID-19 infections, economic recovery will only be sustained through a quicker rollout of vaccinations, the implementation of targeted containment measures, as well and continued injection of stimulus.

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China: Achieving Solid Recovery and Forging High-Quality Sustainable Growth

After the COVID-19 pandemic inflicted a sharp contraction in the first quarter of 2020, China’s economy has shown remarkable resilience and staged a strong comeback. Effective containment measures, sound macro fundamentals, strong solidarity among the people, as well as decisive and targeted policy measures are factors that set the swift recovery in motion.

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