Behind every dark cloud, they say, lies a ray of hope. The current COVID-19 pandemic that has gripped the world during the past few months has taken its toll on our local economy. The fear of the virus and the subsequent lockdown has caused general weakness of consumer confidence, as well as numerous businesses closing shop.
This is further aggravated by the challenges facing two major contributors to the country’s economic performance, the Overseas Filipino Workers (OFW) and the Business Process Outsourcing (BPO) industry. These, in turn, are seen to affect economic indicators such as Gross Domestic Product, which is estimated to slip to 0.6 percent from a projected 6.6 percent for 2020.
The media sessions organized by Kia Philippines discussed the current economic situation, its impact on the automotive industry, and how Kia intends to use its Power to Surprise to help ease its effects on the company and its customers.