The Philippine economy is projected to recover and grow by 8 to 9 percent in 2021, First Metro Investment Corp. (FMIC) and the University of Asia and Pacific (UA&P) said.
“With a huge $30-billion stimulus plan in the works and normalization of business operations, we project a notable rebound in GDP (gross development product) growth in 2021 by 8 percent to 9 percent,” FMIC and UA&P said in the May issue of The Market Call.
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