PH economy in recession as Q2 GDP plunges 16.5%

PH economy in recession as Q2 GDP plunges 16.5%

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.A day before releasing the second-quarter gross domestic product (GDP)...
First-quarter GDP decline revised to -0.7 percent

First-quarter GDP decline revised to -0.7 percent

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. The preliminary 0.2 percent decline reported in May was changed to 0.7...