Philippines eyes $3.6bn stimulus in bid to exit recession

2021 growth target lowered to 6-7% amid new COVID bout

20210518 Philippines GDP

The Philippine government aims to boost the country's post-pandemic economic recovery this year with a package of stimulus measures.  © Reuters

CLIFF VENZON, Nikkei staff writer

MANILA -- The Philippines is seeking a 170 billion pesos ($3.6 billion) pandemic stimulus program to boost its economic recovery this year, officials said on Tuesday, as they temper growth targets following disappointing first-quarter results.

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