PIDS: PH could lose up to P2.5 trillion due to COVID-19
A study by the Philippine Institute for Development Studies (PIDS) shows that the Philippines could lose between P276.3 billion and P2.5 trillion due to the COVID-19 pandemic.
The worst-case scenario assumes the pandemic is not contained globally, leading to a global recession, while the moderate case assumes effective containment by the end of Q3 2020.
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