Sharp fall: A general view of the skyline of the financial district of Makati. The sharp GDP fall in the second quarter – the biggest since 1981 – resulted in technical recession. — AFP
CAFE owner Hans Cerdenia did not need official figures to tell him the worst had come when he and his business partner closed shop, long before the government announced the country was in deep recession, due largely to the Covid-19 pandemic.“We’re closing, ” Cerdenia said last Thursday.
“But we will be doing a small home-based online delivery service with a different name.
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