Officially a recession: PH GDP shrank 16.5% in Q2
A general view of the skyline of the financial district of Makati. (AFP) MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the…
US economy shrank at record-breaking 33% rate last quarter
In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a…
Oxford Economics: PH GDP likely shrank by 14.3% in Q2
The Philippines’ gross domestic product (GDP) likely slid by a hefty 14.3 percent year-on-year in the second quarter as the economy took a beating from one of the most stringent…
PH foreign trade shrank 60% in April
The Philippines’ total foreign trade fell at its fastest pace in April amid a global recession aggravated by the first full month of one of the most stringent COVID-19 lockdowns…
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…