Philippines growth leads in Asean but downside risks remain
Back to the World Bank, the multilateral lending institution surmised that with the rapid spread of the Omicron variant of COVID-19, the pandemic would likely continue to disrupt economic activity in the near term. Besides this prospect, it warned that the notable slowing down in major economies – including the United States and China, the two largest – would adversely affect external demand (exports) in emerging and developing economies.

















