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Another challenge is the need for the Philippines to accelerate its economic recovery from the pandemic. While the country has made progress in reopening its economy and vaccinating its population, there are still significant hurdles to overcome. These include addressing unemployment, supporting small and medium-sized enterprises (SMEs), and boosting consumer spending. The pace of economic recovery will have a direct impact on the earnings of listed companies and the overall performance of the PSEI. If the recovery is slower than expected, it could weigh on investor sentiment and limit the upside potential of the market.
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