The economy ends the year on a positive note and as it continues its recovery —posting a 7.7 percent GDP growth after expanding in the two previous quarters. The Philippines records third consecutive quarter growth. GDP continues to grow as it expands by 7.7 percent, an improvement from the 7.1 percent growth in the previous quarter, and a stark contrast from the 8.3 percent contraction in the same quarter in the previous year. All major components of aggregate demand improved although the increase in government expenditure slowed while the trade deficit grew. On the other side, all major components of aggregate supply also tallied positive growth, posting higher growth rates than in the third quarter of 2021 and the same quarter in the previous year. Private consumption and gross capital formation churned out faster growth than in the third quarter, while government expenditure continued to grow albeit at a slower rate. The fourth quarter promises consistent and continuous growth, pointing towards pandemic recovery in the following quarters. However, challenges like typhoons and emerging COVID-19 variants still pose a threat to economic growth and, therefore, sound economic policies (both fiscal and monetary) together with effective health protocols will be key for the Philippines’ effective and efficient pandemic recovery.