Economic recovery in the Philippines and three other countries in Asia is seen to lag behind their neighbors as they continue to struggle to contain the spread of SARS Cov2, the coronavirus that causes COVID-19, according to UK-based Oxford Economics.
On the flip side, “the situation is more precarious in other countries in the region,” the report said.
“In Singapore and Indonesia, the coronavirus outbreak has not yet been contained while it continues to escalate in India,” Oxford Economics added.“At the other end of the spectrum, Singapore, Indonesia and the Philippines still have a few hundred cases per day while India stands out with now close to 10,000 new cases per day,” Oxford Economics noted.
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