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Economists, however, see diverging prospects for the second quarter and the rest of the year amid uncertainty over the COVID-19 pandemic.

Philippine gross domestic product likely declined at a slower pace in the first three months of 2021 compared with the previous quarters, a BusinessWorld poll showed, as a renewed surge in coronavirus infections and a stricter lockdown imposed in Metro Manila and adjacent provinces dampened recovery.

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Despite the ECQ and MECQ this 2021, The National Economic and Development Authority (NEDA) is sticking to the 6.5- to 7.5-percent growth target for the Philippine economy this year.

NEDA sticks to 6.5-7.5% 2021 growth target – The Manila Times The National Economic and Development Authority (NEDA) is sticking to the 6.5- to 7.5-percent growth target for the Philippine economy this year. “We have a target of 6.5 to 7.5 percent this year and we are still early in the year I think to make changes. We have not yet seen the impact of the [.....