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The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, with the Washington-based multilateral lender projecting gross domestic product (GDP) to shrink by 3.6 percent this…
MANILA, Philippines — Amid the COVID-19 pandemic, the World Bank sees the Philippine economy shrinking by 1.9% this year, a slower pace of contraction than government estimates of negative 2%…
SINGAPORE – Singapore’s economy, a bellwether for global trade, could shrink by as much as 7.0 percent this year, as the coronavirus pandemic throttles demand, the government said Tuesday. A…
UNITED NATIONS — The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the…
LONDON — The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year than it…
London-based Capital Economics on Thursday (April 16) said the Philippine government’s projections of flat growth or, in the worst case, contraction of as much as 1 percent in 2020 was…
UNITED NATIONS — The global economy could shrink almost 1% this year due to the new coronavirus, a sharp reversal from the pre-pandemic forecast of 2.5% growth, the United Nations…
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