(Reuters photo)MANILA: A monthlong lockdown in the Philippine capital to contain the spread of coronavirus is set to curb economic growth and make an interest-rate cut next week more likely. Growth could weaken to below 6% in the first quarter of the year, according to Nicholas Mapa, an economist at ING Bank in Manila. "Consumption will bear the brunt of the slowdown, with restricted movement for Filipinos and curfews in effect," Mr Mapa said Friday. "Growth will likely drop below 6% in the first quarter and likely stay at this level" if the outbreak persists. "Expect more substantial stimulus from the BSP and the national government to insulate the economy," Mr Mapa said.

Source: Bangkok Post March 13, 2020 05:37 UTC