<p class="text-align-justify"><strong>Service and Manufacturing</strong></p>

<p class="text-align-justify">Even though there is an immediate growth in GDP, the most recent forecast predicts a patchy rebound. Service output which was among the most impacted sectors by the covid-19 is predicted to recover in 2023 only. It is expected to grow 6.3% in the year 2021, 5.2% in the year 2022, and by 2% in the year 2023.</p>

<p class="text-align-justify">Manufacturing output, on the other hand, is forecasted to rebound from the effect of covid-19 in Quarter 3 of this year. It is expected to grow by 8.5% in the year 2021, 4.5% in the year 2022, and 2% in the year 2023.</p>

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