Economists see zero GDP growth this year
The coronavirus pandemic could sink the economy, and it is possible the country could see no growth this year, economists warned.
ESSENTIAL SERVICE App-based food and package delivery services have become an integral part in enforcing the enhanced community quarantine as people are urged to stay at home to curb the spread of the coronavirus disease. PHOTO BY J. GERARD SEGUIA “Since Luzon accounts for at least 70 percent of the country’s economy, the 1.5-month lockdown could potentially erase/wipe out about 5-6 percent of the country’s GDP growth for 2020 on a more realistic scenario,” he explained.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIST: Online bread delivery optionsIt's time to get that bread! Here are a few bakery options to consider that deliver around Metro Manila. 🍞🥖🥐
Read more »
Cash aid for displaced workers may resume with DOLE fund replenishmentMANILA, Philippines – The one-time cash assistance for displaced workers in the formal sector may resume with the replenishment of funds, the Department of Labor and Employment (DOLE) said on
Read more »
MMDA enforcers fired for allegedly extorting money from food delivery driversTwo traffic enforcers of the Metropolitan Manila Development Authority (MMDA) have been sacked after allegedly extorting money from two food delivery motorcycle drivers in Makati City. | KHallareINQ
Read more »
Viral video of crowded Divisoria market an old video – Manila gov’tVideo of a crowded Divisoria market circulating on social media is old footage, the city government of Manila said Saturday, denying that it occurred during the enhanced community quarantine in Luzon. | CMarquezINQ
Read more »
PH Labor officer in UAE in hot water for misconduct – The Manila TimesTHE Department of Labor and Employment (DOLE) has sacked an official of the Philippine Overseas Labor Office (POLO) in Dubai for alleged misconduct in connection with the distribution of food assistance to Filipino workers who were affected or displaced by the coronavirus disease (Covid-19) outbreak. In a directive issued Friday, Labor Secretary Silvestre Bello 3rd […]
Read more »
Coronavirus KO: Thai fighters in despair as rings fall silent – The Manila TimesKANCHANABURI, Thailand: Training in masks, two metres apart, Thailand’s professional fighters are battling a new reality — shuttered gyms and cancelled tournaments after the coronavirus pandemic left them suddenly out of work. Thailand’s brutal version of boxing, Muay Thai, features jabs, punches and kicks, with striking techniques using shins, knees and elbows. But Thailand’s strict […]
Read more »