Trade chief warns strict lockdown will cause economic collapse

Trade Secretary Ramon Lopez warned that another strict lockdown would cause economic collapse.

Lopez emphasized finding a balance between health, safety, and economic stability.

The Philippine economy contracted 0.2% in the first quarter of 2020 due to the Taal volcano eruption, COVID-19 pandemic, and ECQ measures.

Re-closing industries would increase pressure on the government to provide more cash aid to affected sectors.