It is with pleasure that we share with you Stratbase ADR Institute’s Economic Snapshots for the Second Quarter of 2021.
This report informs us of the state of economic affairs from April to June and provides a snapshot of economic events and developments that transpired in the said period.
It consists of four sections, namely: (1) Updates on the Economic Indicators, which includes Economic Growth, External Trade Performance, Foreign Direct Investment (FDI), Remittances, Employment, Inflation, Exchange Rates, Gross International Reserves (GIR), and Debt-to-GDP; (2) Economic Surveys, i.e., Business Expectations Survey (BES): First Quarter 2021, First Quarter 2021 Social Weather Survey on Adult Joblessness, and the 2021 World Competitiveness Report Philippines; and (3) Insights.
In the discussion of economic developments, a speedy economic recovery is more achievable if the vaccination roll-out is carried out at a much faster rate. Additionally, the opening up of the economy vis-à-vis quarantine restrictions should be well planned and executed effectively. Finally, the weakness of a consumption-led economy became more pronounced in the pandemic crisis and prods government to make the legal and regulatory environment for business more sensible and attractive to foreign direct investments.