On GDP, latest government estimates show that the Philippine economy will likely shrink by anywhere between 2.0 and 3.4 percent this year as the pandemic disrupts a wide range of industries. But by next year, we expect a strong bounce-back with a growth of 8.0 to 9.0 percent.
On inflation, BSP estimates for this year up to 2022 show that it will stay within the target range of 2.0 to 4.0 percent, thus providing an enabling environment for businesses to recover.