WB: PH poor to recover more slowly from pandemic

The most vulnerable sectors like the poor, women and school children will take longer to recover from the pandemic-induced slump even as the Philippine economy as a whole was already on the mend, the World Bank (WB) said.

“Toward the end of 2020 and into 2021, the economy in Indonesia and the Philippines started to recover, yet mobility remained well below prepandemic levels and below the levels of most other countries in the East Asia and Pacific region … Evidence suggests that recovery may have been slower for poorer workers in the Philippines and Indonesia,” World Bank economists Lydia Kim, Maria Ana Lugo, Andrew Mason and Ikuko Uochi said in their Nov. 22 report titled “Inequali…

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