The Economist magazine, in its April 30 issue, also ranked the Philippines sixth out of 66 selected emerging economies in terms of fiscal strength, despite the negative impact of the COVID-19 situation. Four measures were used to assess the financial strength of each country: public debt, foreign debt, cost of borrowing and reserve cover. Philippines outranked ASEAN neighbours like Thailand (7th), Vietnam (12th) and Indonesia (16th). #BuildBuildBuild #WeHealAsOne #BeatCOVID #COVID19PH
https://news.mb.com.ph/2020/05/24/the-ph-economy-will-survive-covid-19/ — with Anna Mae Yu Lamentillo.
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