Withdrawing pandemic-era stimulus to be ‘challenging’ for Philippines

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Philippine Star

Ramon Royandoyan – Philstar.com November 19, 2021 | 4:41pm MANILA, Philippines — A slow economic recovery and vaccination roll-out would make it hard for the Philippine government to withdraw pandemic-era stimulus, Fitch Ratings said, adding a warning that both a premature shift away from crisis support and retaining measures for too long would be extremely damaging to the economy. But the Philippines is not alone in this struggle. In a commentary on Friday, the global debt watcher said Vietnam and Indonesia also face the same problem of determining the right timing of reducing support measure…

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