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.
Downside risks to the economic outlook exist related to delays in the conclusion of the second review of the Programme, the impact of increased taxation on economic activity and reform implementation.