Part of the Ayala Triangle Garden and buildings on Paseo de Roxas Avenue are seen from the Ayala Tower One & Exchange Plaza ni Makati City on March 27, 2020. The Philippines' financial district has been like a virtual ghost town since the government put Luzon under enhanced community quarantine on March 16 to contain the spread of the coronavirus disease 2019 (Covid-19) in the country. (Photo by J. Gerard Seguia)
The country’s economic growth could decelerate to an 11-year low of 1.2 percent this year on account of slow private consumption, according to ANZ Research.