The Philippines has found itself in a global recession as world economies, including ours, struggle to boost spending to prevent markets from falling. The question is: how far the decline would be as we head into the second quarter?
While forecasts for the second and third quarters are falling to negative rates despite government, private-sector and even bayanihan efforts, what should small and medium enterprises (SMEs) do to stay afloat during the coronavirus disease 2019 (Covid-19) pandemic and the resulting economic crisis?