– The COVID-19 pandemic cut growth prospects for economies across the globe, and the Philippines was not immune.
"Then we go into negative in the second quarter and possibly the third quarter, and then we’ll pick up in the fourth quarter," he added. The report also noted the economy may see negative growth, as much as 0.5 percent, if the Luzon-wide enhanced community quarantine is extended past mid-April.
Every country is on recession. Isn’t that obvious enough.
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