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NEDA studies scrapping of COVID-19 alert level system

The National Economic and Development Authority will look into recommendations to get rid of the alert level system in the capital, as the country moves toward a more endemic mindset.

Economy beats forecasts, expands by 5 6% in 2021

The Philippine economy grew by 5.6 percent in 2021, beating market expectations, as consumption was fueled by revenge spending in the fourth quarter, prompting the government to maintain a return to pre-pandemic levels this year.

Inflation slides to 3 6% in December, lowest in 2021

Prices of goods and services in the country accelerated faster than government expectations last year despite clocking in 2021’s lowest inflation rate in December, the Philippine Statistics Authority said.

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