The Philippines has been one of the Southeast Asian countries most adversely affected by Covid-19, with a total of 221,000 cases and 3,558 deaths recorded so far.
The nation’s economy has also been adversely affected by the outbreak, with tourism (which accounted for a whopping 12.7% of the country's GDP in 2018) devastated through Q2 and much of Q1. This trend has been common throughout Southeast Asia, although it is finally beginning to reverse now.
But how has the economy and its businesses performed through the crisis, and what’s the forecast like for the near-term? 
Charting GDP in the Philippines from 2016 to 2020 
The Philippines ranked as one of the four most prosperous Southeast Asian nations between 2016 and 2019, at least from the perspective of GDP.
Source: https://www.entrepreneurshipsecret.com/businesses-in-the-philippines/