Philippines Sees Economy Improving This Quarter as Curbs Eased

The Philippines sees growth picking up in the current quarter after virus restrictions were eased, even as data due Tuesday is likely to show the economy continued to contract in the three months through September.

The government expects its move last month to loosen curbs on movement and reopen more businesses “will have a better impact” on output in the final three months of the year, Economic Planning Secretary Karl Chua said Monday.