MANILA, Philippines—The Philippine economy was projected to grow at a slower pace in the first quarter of 2021, compared to an increase in output in the fourth quarter of 2020, as a result of a decision to keep in place current COVID-19 quarantine restrictions until an elusive mass vaccination is rolled out.
In a statement on Tuesday (Feb. 23), acting Socioeconomic Planning Secretary Karl Kendrick Chua said the state planning agency National Economic and Development Authority (Neda), which he heads, “supports the recent decision of the President not to shift to MGCQ” or modified general community quarantine. MGCQ is the least stringent level of restrictions to prevent tran…
Keep on reading: PH economic recovery seen slowing without easing of COVID-19 quarantine, crawling vaccination program