HomeIco

Home

 InternalIco

Internal
Deutsch|English
Insights Covid-19 Update

Covid-19 Update

PrintMailRate-it
As we have learned from previous newsletters, sadly the Philippines is one of the countries most affected by the Corona virus. Today, however, there is reason to take a deep breath of relief. The Philippines is certainly not out of the woods (yet) – that will still take a considerable amount of time. However, the Covid-19 case statistics, the continuous lowering of Covid-19 (quarantine) regulatory restrictions and latest promising economic growth figures are clear signs of turning point.
  
In terms of COVID-19 infections, following the all-time highs of single day recorded new cases (26,303) on 11 September 2021 and death cases (423) on 30 October 2021, the country currently records the lowest numbers since March/April this year. As of 19 November 2021, the daily tally shows 1,484 new recorded cases (total 2,823,210) and 277 deaths (total 46,698).


  
    
Economically, the Philippines recorded a GDP growth of 7.1 percentin the last quarter (compared to -11.6 in the same quarter last year). Bringing the Philippines from one of the lowest GDP growths in Southeast Asia in 2020 (at -9.6 %) to one of the highest in the region through the quarters in 2021 – currently averaging on a year-to-date bases of 4,9 percent of GDP growth. The main drivers of the growth are, amongst others, the rebounding service and constructions sectors.

From The Newsletter

Newsflash Asean 

Newsflash ASEAN

Contact

Contact Person Picture

Dr. Marian Norbert Majer

Associate Partner

+63 917 703 9089

Send inquiry

How We Can Help
Skip Ribbon Commands
Skip to main content
Deutschland Weltweit Search Menu