[tex] \huge\mathfrak \blue {question}[/tex]
how the COVID-19 pandemic affects the Philippines economy in terms of GDP, GNP, inflation rate, unemployment rate and etc. Supplement what is being asked based on your resources?
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Answers & Comments
Economy
a. Economic impact
The Philippines has been enjoying strong economic growth and is considered as one of the fastest growing economies in Asia with real GDP growing on average 6.3 % over the ten years to 2019. However, the onset of the COVID-19 pandemic brought the country’s economy into recession breaking almost three decades of uninterrupted growth.
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