16 Apr 2021 --- The Philippines’ agri-food sector is a key pillar in the national economy, contributing to almost a third of the country’s total GDP in 2019. A new report by Oxford Economics identifies that this industry leads a third of the national economy, contributing PHP 6.1 trillion (US$126 billion) to its GDP, which marked a 16 percent increase from 2015. The sector remains an economic powerhouse for the country’s post-COVID-19 recovery. However, supply and demand risks, fiscal measures and a drawn-out pandemic could disrupt the recovery, notes the report.
