The Philippine economy is projected to fall into recession this year due to the effects of the coronavirus disease 2019 (Covid-19), Fitch Solutions said on Monday.
This photo shows the Baseco compound in Manila contrasted with still operational cranes in one of the major ports in the city where the country’s imports and exports also pass through. Fitch Solutions sees an economic recession this year due to the coronavirus disease 2019. PHOTO BY J. GERARD SEGUIA