News » Return to MECQ may ravage economy

Return to MECQ may ravage economy

Return to MECQ may ravage economy

The Palace said that Philippine economic output would probably get pulled down further by the return of Metro Manila and nearby provinces to a strict lockdown amid a fresh surge in coronavirus infections.

In an online briefing, presidential spokesperson Harry Roque said that the economic contraction in the second quarter had worsened from the 0.2 shrinkage in the three months through March, citing official data that the government will report on Thursday.

“I’m lying if I say the next two weeks of strict lockdown won’t negatively affect our gross domestic product,” said Roque. He added that Metro Manila and nearby provinces (Cavite, Laguna, Rizal, and Bulacan), which were reverted to modified enhanced community quarantine (MECQ), account for more than two-thirds of the economy.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.