A number of initiatives were undertaken to regulate and supervise Non-Bank Financial Institutions (NBFIs), including these hedge funds in strengthening the resilience of the global financial system. 12  National Economic Performance and Prospects: Recovery Process Underway, Stability Maintained The COVID-19 pandemic also had a tremendous impact on Indonesia’s health, economy and finances, especially in the second quarter of 2020.
*  *  *  A Growing economy and a steady banking industry The Philippine economic story remains one of growth. The macroeconomy has had 64 consecutive quarters of expansion which has been achieved while keeping prices stable.