Tag page - Philippine economy

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WB expects PH economy to shrink by 8.1% in 2020 due to COVID-19's 'triple shock'
The World Bank expects the Philippine economy to slip deeper than initially estimated, but the level of contraction will be less severe than the Duterte administration’s projection. A motorcyclist travels along a deserted road in Bonifacio Global City, Metro Manila, the Philippines. (Geric...
Manila Bulletin

World Bank forecasts deeper PH GDP cuts in 2020
The World Bank expects a deeper economic downturn in the Philippines this year due to uncertain prospects as the still uncontrolled coronavirus pandemic will certainly take a heavier toll on poverty. Based on  October 2020 Economic Update for East Asia and the Pacific , Washington-based...
Manila Bulletin

ADB sees deeper economic contraction in PH
The Asian Development Bank (ADB) expects a deeper contraction in the Philippine economy this year as consumption and investments are seen to remain subdued for the remaining months of the year amid global uncertainly. Based on the updated Asian Development Outlook 2020, the Manila-based...
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