Below, the top 10 largest economies in the world as of 2020, plus big and medium-size East Asian economies.https://tradingeconomics.com/matrix
The PH is 3rd largest economy in the ASEAN, inflation rate in August 2021 at 4.9% highest in Asia big economies except India, budget deficit 2020 at -7.5% is mid-level in Asia, debt/GDP in 2020 at 53% also mid level in Asia.
Below, see the new "classmates" in inflation rate of the US under the new administration. Its former industrialized classmates (plus Vietnam) on the right.
Macroecon 12, August 2021 inflation rate highest since Dec. 2018, September 07, 2021
Macroecon 13, More economic damages of strict indefinite lockdown, September 17, 2021.