MANILA, Philippines — The Philippines may register a positive economic growth in the second or third quarter of the year after falling to its worst post-war recession in 2020 amid the COVID-19 pandemic, Trade Secretary Ramon Lopez said Monday.
Lopez said that the forecast economic recovery this year may happen as long as localized lockdowns are enforced only in areas with a spike in COVID-19 cases, which also means more lenient restrictions for areas with fewer infections.
“Kapag pinairal naman ‘yung strict enforcement at doon sa localized lockdown, I think doable pa rin ‘yung ating pinoproject na rebound ngayong taon na ito. Lalo na itong darating na seco…
Keep on reading: Economic rebound expected in Q2, Q3, says DTI chief