More recently this configuration has been changing, with Asian growth softening and Europe looking firmer. The US has achieved fairly steady growth throughout the period. •  Labour market slack remains in some areas of the global economy, especially in parts of Europe. •  Global debt levels remain high.
We all recognize the complications that COVID-19 has brought upon the Philippine economy, and more so to our households, friends, and loved ones. But while our daily lives have changed since the pandemic, we should look beyond our current circumstances and prepare for tomorrow. Doing so will give us direction and purpose, understanding the recent past but be better for the future.