A series of unforeseen events caused an
abrupt halt to the Philippines' strong growth momentum
in early 2020. The Philippine economy carried its strong
growth momentum from the second half of 2019 into early 2020
thanks to positive consumer confidence, robust macroeconomic
fundamentals, and an improvement in the external sector.
However, the eruption of Taal Volcano in early January, the
spread of the Coronavirus Disease 2019 (COVID-19) outbreak
...
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