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Extended ECQ likely to dampen Philippine growth

Extended ECQ likely to dampen Philippine growth
BusinessWorld
5 hrs ago
© Provided by BusinessWorld
Metro Manila, Bulacan, Cavite, Laguna and Rizal will remain under a strict lockdown until April 11. PHILIPPINE STAR/ MICHAEL VARCAS
© Provided by BusinessWorld
Metro Manila, Bulacan, Cavite, Laguna and Rizal will remain under a strict lockdown until April 11. PHILIPPINE STAR/ MICHAEL VARCAS
By
Reporters
THE EXTENSION of the strict lockdown in Metro Manila and nearby provinces will likely drag on Philippine economic growth and drive investors away, several economists said on Sunday.
Extending the enhanced community quarantine (ECQ) in the country’s main economic hub, as well as Bulacan, Cavite, Laguna and Rizal, could shave at least one percentage point off gross domestic product (GDP) this year and further slow economic recovery, Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp. said in a note on Sunday. ....

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Extended ECQ likely to dampen Philippine growth

Extended ECQ likely to dampen Philippine growth
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San Carlos , Negros Occidental , Camarines Norte , Cavite City , Metro Manila , Philippines General , Sergior Ortiz Luis Jr , Alana Tanjusay , Juliush Cainglet , Beatricem Laforga , Robert Danj Roces , Michaell Ricafort , Renatob Magtubo , Wendele Avisado , Gillianm Cortez , Rosemarieg Edillon , Union Congress , Development Budget Coordination Committee , Development Authority , Rizal Commercial Banking Corp , Employers Confederation Of The Philippines Eco , Health Department , National Economic , Federation Of Free Workers Vice , Security Bank Corp , Rizal Commercial Banking ,