It has been 19 months since the shutdown of our economy with almost 3 million Filipinos were infected with almost 2.5 million recovered while almost 39,000 were casualties as of this writing. The Philippine economy is still sluggish and slightly opening up the market but slowly recovering. The market is experiencing resistance from external forces such as world economic downturns from the pandemic, demand for oil for production by China and many others. Recently, Chinese economy was affected with the collapse of Evergrande. This incident does not affect the Philippine market as Evergrande it has no links or affiliates in Philippine real estate.
