MANUEL “MANNY” P. MOGATO is Editor-at-Large and opinion writer, writing under the column “In the Trenches.” As Reuters Manila correspondent, he and two other colleagues won the Pulitzer Prize for International Reporting in 2018 for their coverage of the Duterte administration’s war on drugs.

Will the Philippines step back into democracy on Monday?

But whatever the outcome, the markets and foreign embassies in Manila are nervously watching the situation. Will democracy slide back and the economic recovery slow down? The answers are in the hands of the people.