Germany in recession as economy shrinks 2.2% in 1st quarter
The sun rises over one of the main roads in Frankfurt, Germany, Friday, May 15, 2020. (AP Photo/Michael Probst) BERLIN — The German economy shrank by 2.2% in the first…
COVID-19 impact: ECQ limits gov’t spending, narrows first quarter budget deficit to P74B
The budget deficit narrowed to P74 billion at the end of the first quarter, partly as the national government spent less than the three-month expenditures program due to the COVID-19…
Spooked ‘hot money’ investors fled PH in first quarter, BSP data show
Short term investments in Philippine financial markets fled the country at the end of the first quarter of 2020 as the coronavirus pandemic dampened sentiment among money managers around the…
PH GDP contracts 0.2% in Q1; COVID-19 pandemic ends 84 -quarter growth streak
This photo taken on January 29, 2019 shows a general view of the skyline of the financial district of Makati in Manila. (Photo by Ted ALJIBE / AFP) MANILA, Philippines…
Agriculture sector shrank 1.2% in 1st quarter
Lockdowns imposed to control the spread of the coronavirus pandemic have adversely affected the country’s agricultural growth story in the first quarter of the year, casting uncertainty on the administration’s…
PH consumer confidence dives for 2nd quarter of 2020, says new BSP survey
Filipino consumers are less optimistic about their prospects in the second quarter of 2020 and the rest of the year due to worries about inflation and stagnant income, according to…
Improved second quarter outlook shortlived as PH firms turn bearish for rest of 2020
Philippine businesses are more optimistic about the second quarter of 2020 after a challenging first three months which saw the country plunged into the COVID-19 pandemic along with the rest…
US stocks fall, capping Wall Street’s worst quarter since 2008
NEW YORK — Stocks fell Tuesday to close out Wall Street’s worst quarter since the most harrowing days of the 2008 financial crisis. AP Photo The S&P 500 dropped a…