This is reflective of the broad-based recovery seen for the Philippines, Indonesia, Malaysia, Vietnam, and Thailand. On the domestic front, these multilateral agencies expect the Philippine economy to expand by 5.9 percent to 6.6 percent this year. These are broadly in line with the national government’s forecasts of 6.5 percent to 7.5 percent for 2021.
Meanwhile, some foreign analysts have rosier forecasts for the year, with growth projections ranging from 6.1 percent to as high as 9.6 percent. 1/5  BIS central bankers' speeches  What are the key factors supporting this shared optimism?