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Analysts predicted the economy will continue to grow in a stable manner in the second quarter, despite some unfavorable factors.

Analysts said the Philippines has a strong fiscal position and they expect the government will use it to mitigate the impact of the pandemic on the country's economy. The Philippines' GDP contracted by 0.2 percent in the first quarter and the country's economic managers forecast that this year's GDP might decline as much as 3.4 percent－the first contraction in more than 20 years.

Analysts said Allianz's plans in China highlighted the regulator's desire to further open the domestic market to foreign players and it could mean that foreign insurance companies could enter the Chinese market by establishing wholly-owned local units in the future.

Analysts predicted features like OLED displays, wireless charging, and even perhaps augmented reality could come to upcoming iPhone models.

Analysts said the remark demonstrates that Huawei remains cautious toward the US government and is determined to beef up its core technologies no matter how the situation develops.