Certainly, that is not good news for optimistic forecasters who have predicted that the country could yet achieve a V-shaped post-COVID rebound, or a quick and sustained recovery after a sharp decline in 2020 and during the first half of 2021.
This week’s intrusion of rotational brownouts in the biggest power grid of Luzon is not only causing major inconvenience to the public. It could spark off billions of economic losses — a menacing scenario the country could ill afford as industries and businesses struggle to reclaim the millions of jobs lost during the pandemic and reopen many shuttered enterprises.
How did this conundrum happen?
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