P2.2 trillion in losses: Cost of COVID-19 impact on PH economy

P2.2 trillion in losses: Cost of COVID-19 impact on PH economy

The COVID-19 crisis will cost the Philippine economy P2.2 trillion in losses this year as firms shed profits while millions of workers lose their jobs and income. To ease the economic pain inflicted by the pandemic, acting Socioeconomic Planning Secretary Karl Kendrick T. Chua told the business community at an online seminar on Thursday that […]
Neda: PH economy lost P1.1T during lockdown

Neda: PH economy lost P1.1T during lockdown

The Philippine economy lost an estimated P1.1 trillion in the agriculture, industry and services sectors during the first 45 days of the COVID-19 lockdown, according to the National Economic and Development Authority (Neda). The losses, equivalent to 5.6 percent of...