President Duterte’s chief economic manager is optimistic the Philippine economy will start rebounding this quarter notwithstanding the two-week reimposition of the enhanced community quarantine in April followed by a modified enhanced community quarantine in areas accounting for half of the economy.
“In the second quarter of this year, we expect to begin growing our economy again. We see that the second wave of infections that started at the end of March has subsided dramatically. We hope that this will be the last surge,” Finance Secretary Carlos Dominguez III told members of the Pampanga Chamber of Commerce and Industry on Thursday.
To recall, the economy shrank by …
Keep on reading: Dominguez sees economy starting to rebound in Q2