Shoppers stand one meter apart while queuing outside a supermarket in Manila as part of “social distancing,” one of the measures being undertaken to limit the spread of the coronavirus disease 2019 (Covid-19) outbreak in the country on March 17, 2020, the day the government put Luzon under “enhanced community quarantine.” The outbreak has prompted reductions in economic growth forecasts. (AFP photo)
Moody’s Investors Service further trimmed its Philippine economic growth forecast for this year after taking into account the impact of the coronavirus disease 2019 (Covid-19) pandemic in the Asia-Pacific.