The United Nations Economic and Social Commission for Asia and the Pacific (Unescap) expects the Philippine economy to grow by just 0.6 percent this year due to the effects of the coronavirus pandemic.
State think tank, Philippine Institute for Development Studies (PIDS) announced its conduct of an online survey on the Social Amelioration Program (SAP) among the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps).
The country stands to suffer economic losses from P276.3 billion to P2.5 trillion due to the dreaded Covid-19 pandemic.
The financial and insurance activities, as well as real estate activities, have seen very sharp declines in the share of establishments with e-commerce [through] the internet.