PH Government admits 'economy will not survive another lockdown'

Philippines, economy, recession, MECQ, COVID-19

Jeepneys have just started to operate again since late March and are forced to stop operations as MECQ takes effect til 18 August Source: Eduardo Davad / Pixabay

The Philippine economy is in recession

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Published 7 August 2020 4:36pm

Updated 10 August 2020 11:20am

By Shirley Escalante

Source: SBS

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The Philippine economy is in recession

Highlights

The GDP is at -16.5%, lowest on record since 1981
The first part of the 2020 saw a growth rate of negative nine percent
Metro Manila and nearby provinces was placed under Modified Enhanced Community Quarantine or MECQ until 18 August

'I will be honest with you, our economy will not survive another lockdown' says Presidential Spokesperson Harry Roque

Around 2,800 health workers will be sent from the provinces to Metro Manila