Home2020November (Page 64)

The Philippine economy remained in a recession in the third quarter, as gross domestic product contracted by 11.5%. — PHILIPPINE STAR/MICHAEL VARCAS THE Philippine economy continued to shrink for a third straight quarter, although at a slower pace compared with the second quarter, as lockdown restrictions

The government will revisit its macroeconomic projections, as the pandemic and recent typhoons pummel the economy. — PHILIPPINE STAR/EDD GUMBAN THE Development Budget Coordination Committee (DBCC) may revise macroeconomic projections once again, after latest data showed the economy is recovering slower than expected. “The DBCC will be