This June 2020 file photo shows masked workers pressing on with the construction of the Binondo-Intramuros Bridge that will connect Binondo and Intramuros in Manila. Construction activities are usually considered reliable indicators of economic activity. (PNA photo)
The Philippine economy could have rebounded in the third quarter of 2020, but state-imposed physical distancing measures would continue to weigh on its recovery from the coronavirus disease 2019 (Covid-19) pandemic, according to Capital Economics.