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The Philippine economy has nosedived into recession amid the coronavirus pandemic.
The country’s 2nd quarter gross domestic product contracted by 16.5%, the sharpest drop on record, beating the fall during the Marcos dictatorship. (READ: FAST FACTS: What is recession?)
With millions of Filipinos unemployed and thousands of businesses closing, how can the Philippines recover from this crisis?
Rappler business reporter Ralf Rivas talks to economist and columnist JC Punongbayan about the government’s strategies, spending plans, and how the Philippines’ economic slump compares to regional peers. – Rappler.com
How does this make you feel?