Ep. 2: -16.5!? What's Next for the Philippine Economy? | Michael Ricafort and Dr. Alvin P. Ang

On this episode, we talk about the State (of Shock) of our Economy. At -16.5% for our 2nd Quarter GDP, our country is now technically in a recession.But as an entrepreneur, I’ve been trained to be resilient and look for the ‘silver lining’ or the ‘opportunities in crisis’ during challenging times such as these. So I’ve enrolled the help of my good friends RCBC Vice President and Chief Economist Michael Ricafort and Director of Ateneo Center for Economic Research and Development Dr. Alvin P. Ang to help me get a better grasp of what were the key drivers for the steep decline, what were (if there were any) the bright spots in the economy during the second quarter and what are the emerging opportunities that entrepreneurs should pay attention to as we emerge (?) from this recession.Michael Ricafort was recently named One of the Most Accurate in Predicting the Inflation Rate in 2018 and 2019 by the Department of Finance. Meanwhile, Dr. Alvin Ang is a professor of the Economics Department of the Ateneo de Manila University and sits on the Board of the Philippine Economic Society. Hosted on Acast. See acast.com/privacy for more information.