WB: Lockdowns abroad lead to drop in Philippines trade

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Philippine Star

Louise Maureen Simeon – The Philippine Star January 29, 2022 | 12:00am MANILA, Philippines — The imposition of domestic lockdowns at the height of the pandemic in 2020 did not cause a decline in trade, but restrictions from trading partners did, according to the World Bank. In a report, the Washington-based multilateral lender analyzed how international trade on various margins was affected by the Philippines’ own lockdown policies and those of its trading partners. Authors Guillermo Arenas, Socrates Majune and Angella Montfaucon found out that domestic lockdown measures did not affect interna…

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