Philippines’ recovery delayed in virus missteps, says World Bank


A handyman adjusts social distancing signs on the floor of a shopping center in Manila.

Photographer: Veejay Villafranca / Bloomberg

The Philippines’ economic recovery from the pandemic will lag behind its regional peers, according to the World Bank, as it struggles to move beyond strict closures and stimuli that have been inefficient and inadequate.

The Southeast Asian nation’s “highly decentralized” healthcare system and blockades that were “super draconian” but “porous” made a disastrous combination, said Aaditya Mattoo, the World Bank’s chief economist for the East Asia region and the Pacifico, in an interview. ahead of a regional report released on Friday.

Cool beak

Covid-19 cases have risen in the Philippines, with a higher average in Southeast Asia

Source: Bloomberg


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