Page 23 - வளர்ச்சி பட்ஜெட் ஒருங்கிணைப்பு குழு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Extended ECQ likely to dampen Philippine growth BusinessWorld 5 hrs ago © Provided by BusinessWorld Metro Manila, Bulacan, Cavite, Laguna and Rizal will remain under a strict lockdown until April 11. PHILIPPINE STAR/ MICHAEL VARCAS © Provided by BusinessWorld Metro Manila, Bulacan, Cavite, Laguna and Rizal will remain under a strict lockdown until April 11. PHILIPPINE STAR/ MICHAEL VARCAS By Reporters THE EXTENSION of the strict lockdown in Metro Manila and nearby provinces will likely drag on Philippine economic growth and drive investors away, several economists said on Sunday. Extending the enhanced community quarantine (ECQ) in the country’s main economic hub, as well as Bulacan, Cavite, Laguna and Rizal, could shave at least one percentage point off gross domestic product (GDP) this year and further slow economic recovery, Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp. said in a note on Sunday.

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