The Philippine economy is projected to further contract in 2020 as the impact of the coronavirus disease 2019 (Covid-19) pandemic on the country could reach P2 trillion, the Development Budget Coordination Committee (DBCC) announced on Wednesday.
HAZY OUTLOOK This May 8, 2020 file photo shows the Makati City skyline as seen from Antipolo City, Rizal province. Business activities in the country's financial center and elsewhere have been at a virtual standstill since the government put Luzon and other parts of the country under quarantine in mid-March to curb the spread of the coronavirus disease 2019. PHOTO BY J. GERARD SEGUIA