Rappler
[ANALYSIS] Why Filipinos need to stay at home until June (or even longer)
Economists worldwide agree that COVID-19 will lead to a global recession, and that containing the pandemic is the first step toward economic recovery.
Two studies suggest that the Philippines is only at the beginning of the COVID-19 crisis, with the epidemic potentially peaking in June and tapering off by October or later.
This grim outlook aligns with predictions from epidemiologists globally.
However, Filipinos can still influence the spread of the virus by "flattening the curve" through containment measures.
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This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Fitch Solutions has downgraded the Philippines' 2020 GDP growth forecast to 4% due to the economic impact of the COVID-19 pandemic.
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The Philippines recorded six new COVID-19 cases, bringing the total to 193, with 7 recoveries and 14 deaths.
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Global debt watcher Moody's Investors Service has lowered its 2020 growth forecast for the Philippines to 5.4 percent due to the impact of the COVID-19 pandemic and the Luzon lockdown.
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Albay Representative Joey Salceda stated that the Philippines risks falling into an economic recession if the government does not implement a community quarantine to curb the spread of COVID-19.
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The National Economic and Development Authority (NEDA) forecasts the Philippine economy could contract by as much as 0.6% in 2020 due to the fallout from the COVID-19 pandemic.
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