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PH economy in recession as Q2 GDP plunges 16.5%

PH economy in recession as Q2 GDP plunges 16.5%

Aug 6, 2020 | Business

The Philippine economy plunged 16.5 percent in the second quarter, the worst drop since democracy was restored in 1986 as lockdowns caused by the Covid-19 pandemic took a heavy toll on businesses.

First-quarter GDP decline revised to -0.7 percent

First-quarter GDP decline revised to -0.7 percent

Aug 5, 2020 | Business

Government number-crunchers revised further downward the gross domestic product (GDP) data for the first quarter 2020, indicating that the economy was in worse shape than earlier reported.

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