Business woes due to COVID-19, inflation to diminish towards mid-2023 — Joey Concepcion

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The challenges in the business sector due to the COVID-19 pandemic and inflation will diminish in the middle of 2023, according to Go Negosyo founder Joey Concepcion on Friday.

At a televised public briefing, Concepcion, who is a member of President Ferdinand Marcos Jr.’s Private Sector Advisory Council, said he is optimistic that micro-, small-, and medium-sized enterprises will survive.

This is faster than the upwardly adjusted 7.5% GDP growth in the second quarter of 2022 and also higher than the 7% GDP growth posted in the third quarter of 2021.

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