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.
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