{"id":253616,"date":"2020-04-30T22:21:24","date_gmt":"2020-05-01T02:21:24","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=253616"},"modified":"2020-04-30T22:21:24","modified_gmt":"2020-05-01T02:21:24","slug":"neda-chief-sees-q1-positive-growth-amid-covid-19-ecq","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/04\/30\/neda-chief-sees-q1-positive-growth-amid-covid-19-ecq\/","title":{"rendered":"NEDA chief sees Q1 positive growth amid Covid-19 ECQ"},"content":{"rendered":"<figure id=\"attachment_252129\" aria-describedby=\"caption-attachment-252129\" style=\"width: 5352px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/43523.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-252129\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/43523.jpg\" alt=\"\" width=\"5352\" height=\"3675\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/43523.jpg 5352w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/43523-300x206.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/43523-768x527.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/43523-1024x703.jpg 1024w\" sizes=\"auto, (max-width: 5352px) 100vw, 5352px\" \/><\/a><figcaption id=\"caption-attachment-252129\" class=\"wp-caption-text\">FILE: A driver presents his identity pass to police at the Novaliches Proper entry checkpoint on Friday (April 10, 2020). (PNA photo by Robert Oswald P. Alfiler)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0\u2013 The country\u2019s chief economist is still optimistic on hitting a positive economic growth in the first quarter of 2020 amid the enhanced community quarantine (ECQ) measures due to the coronavirus disease 2019 (Covid-19) pandemic.<\/p>\n<p>\u201cMy sense is that we have good potential to see a positive growth,\u201d Socioeconomic Planning Secretary Karl Kendrick Chua said Thursday in a virtual presser for the Foreign Correspondents Association of the Philippines (Focap).<\/p>\n<p>Chua said he was hopeful the economy likely posted \u201cgrowth above zero\u201d in the January to March period but was not sure to what extent.<\/p>\n<p>\u201cWe entered the year with very good foundations but we were stuck with three exogenous shocks that no one really expected,\u201d he added, citing the eruption of Taal Volcano in January, the quarantine in China due to Covid-19, and the ECQ imposed in the entire Luzon on March 16.<\/p>\n<p>Chua, also National Economic and Development Authority (NEDA) director general, said the emission from the volcano hit areas which comprise 50 percent of the country\u2019s gross domestic product (GDP), but the country was allowed some time to recover as it did not erupt continuously.<\/p>\n<p>The quarantine in China resulted in the decline in trade and tourism, he said, adding a lot of economies depend on these.<\/p>\n<p>\u201cAnd the third one is our ECQ in March, so all of these factors are basically affecting the prospects for a very good GDP number,\u201d Chua said. \u201cWe should not be surprised if the numbers are not to our best favor.\u201d<\/p>\n<p>Chua\u2019s expected positive or above zero economic growth in the first quarter was much lower compared to this year\u2019s target GDP growth of 6 to 7 percent.<\/p>\n<p>The government will release the first-quarter GDP performance on May 7.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 The country\u2019s chief economist is still optimistic on hitting a positive economic growth in the first quarter of 2020 &hellip;<\/p>\n","protected":false},"author":44,"featured_media":252129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-253616","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/253616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=253616"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/253616\/revisions"}],"predecessor-version":[{"id":253617,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/253616\/revisions\/253617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/252129"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=253616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=253616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=253616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}