World Bank: PH economy to shrink by 1.9% this year

As the country awaits new quarantine instructions, the World Bank forecasts the local economy will take awhile to recover.

Ending the year with a 1.9% contraction before bouncing back in 2021.

What lies ahead for the economy should it remain under GCQ, where several sectors operate under a limited capacity?

We find out from Euben Paracuelles, Chief ASEAN Economist at Japanese Investment Bank Nomura.