Economics
Philippines Sees Limited Economic Impact From Virus Surge
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The Philippines’ renewed surge in coronavirus infections will have limited impact on the economy as authorities opt for localized lockdowns and as vaccinations pick up, Economic Planning Secretary Karl Chua said.
The Southeast Asian nation, which will likely remain in recession this quarter, has to manage the spike in cases without reinstating stricter movement curbs which will hurt jobs, Chua said in a mobile-phone reply to questions.