CEBU REAL ESTATE PHILIPPINES
  • Home
  • CEBU REAL ESTATE
    • Real Estate FAQ
  • CEBU CONDO FOR SALE
    • ROBINSONS LAND >
      • AmiSa
      • Azalea Place
      • Galleria Residences
    • HONGKONG LAND >
      • Mandani Bay
    • CEBU LANDMASTERS >
      • Base Line Premier
      • Mivesa Garden Residences
    • DMCI HOMES
    • AYALA LAND >
      • Amaia Steps Mandaue
      • Avida Towers Riala
      • Solinea
    • TAFT PROPERTIES >
      • Horizons 101
      • Taft East Gate Cebu
      • Soltana Nature Residences
      • Symfoni Nichols
    • MEGAWORLD >
      • One Manchester Place
      • One Pacific Residences
  • HOUSE AND LOT
    • AMARA LILOAN
    • ASPEN HEIGHTS CONSOLACION
    • PARAMOUNT PROPERTIES >
      • La Cresta Hills Carcar
      • La Cresta Homes Carcar
      • Fonte di Versailles Minglanilla
      • Francesca Highlands Minglanilla
      • Mazari Cove Naga City
      • Segovia South Villas Carcar
      • The Links Mactan
      • Wellington Greens Compostela
  • CONTACT
    • About Us
    • Our Services
  • BLOG

NEWS SNIPPETS & MORE

Economy |Real Estate: Breaking News, Top Headlines and Updates

PH economy seen slow to recover from pandemic’s impact

8/27/2020

0 Comments

 
By: Ben O. de Vera - Reporter / @bendeveraINQ
Published: August 27,2020 - 02:28 PM
Full Article: PH economy seen slow to recover from pandemic’s impact
Snippets: The Philippines may have survived the worst impact of the COVID-19 pandemic but recovery seems slower than how its peers fare as infections remain high, UK-based think tanks said on Wednesday.

“The economy is likely past the worst. But things have been slow to bounce back. Manufacturing volumes were still down around 20 percent year-on-year at the end of the [second] quarter. In contrast, manufacturing output returned to growth in June in several regional economies,” London-based Capital Economics said in a report.

“Meanwhile, the government has failed to contain the virus and daily new infections are the highest in the region outside of India. Reflecting this, Google mobility data show that while the movement of people started to recover in June, activity remains very depressed and is recovering much slower than elsewhere,” Capital Economics added.

To recall, the government put back Metro Manila and four surrounding provinces—which accounted for half of economic output—under a stricter modified enhanced community quarantine on Aug. 4-18 as health care workers had sought a “time-out” following a surge in COVID-19 cases in these areas when the economy gradually opened up.

Three-fourths of the economic activity were resumed in June as the longest and most stringent COVID-19 lockdown in the region pushed the country into a recession in the first half, contracting by an average of 9 percent from January to June.
0 Comments



Leave a Reply.

    Author

    A (B. S.) Computer Science Graduate turned Licensed Real Estate Broker.

    Archives

    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • CEBU REAL ESTATE
    • Real Estate FAQ
  • CEBU CONDO FOR SALE
    • ROBINSONS LAND >
      • AmiSa
      • Azalea Place
      • Galleria Residences
    • HONGKONG LAND >
      • Mandani Bay
    • CEBU LANDMASTERS >
      • Base Line Premier
      • Mivesa Garden Residences
    • DMCI HOMES
    • AYALA LAND >
      • Amaia Steps Mandaue
      • Avida Towers Riala
      • Solinea
    • TAFT PROPERTIES >
      • Horizons 101
      • Taft East Gate Cebu
      • Soltana Nature Residences
      • Symfoni Nichols
    • MEGAWORLD >
      • One Manchester Place
      • One Pacific Residences
  • HOUSE AND LOT
    • AMARA LILOAN
    • ASPEN HEIGHTS CONSOLACION
    • PARAMOUNT PROPERTIES >
      • La Cresta Hills Carcar
      • La Cresta Homes Carcar
      • Fonte di Versailles Minglanilla
      • Francesca Highlands Minglanilla
      • Mazari Cove Naga City
      • Segovia South Villas Carcar
      • The Links Mactan
      • Wellington Greens Compostela
  • CONTACT
    • About Us
    • Our Services
  • BLOG