PHL trails ASEAN peers, still 10% lower than pre-Covid

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The story "PHL trails ASEAN peers, still 10% lower than pre-Covid" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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PHL trails ASEAN peers, still 10% lower than pre-Covid - Business Mirror

Quick Summary:

THE Philippine economy may continue to climb an uphill battle in getting out of its lockdown-induced troubles as it still lags behind its ASEAN counterparts, according to foreign think tanks.

The Philippines’ Labor Force Survey reveals that 38.3 percent of employed individuals fall into this category, underscoring the precariousness of their work arrangements and heightened susceptibility to crises or shocks.

The BSP entered its easing cycle in August when it delivered a 25-basis-point reduction in rates and followed this with another 25 basis point reduction in rates in October 2024.