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The World Bank launched earlier this week its Philippine Economic Update, entitled “Building a Resilient Recovery.” One of its key findings was that the country’s GDP will likely shrink by about 8.1 percent in 2020. That implies…
What has the country lost to COVID-19? This column will not deal with the number of deaths (8,242), or the number of cases (424,297), or translate these into all sorts of indicators, like number of work days…
MANILA, Philippines — Although it imposed the longest and most stringent COVID-19 lockdown in the Asia-Pacific region, the delay in mass testing and dodgy contact tracing failed to contain the spread of the deadly coronavirus in the…
MANILA, Philippines — The Philippines’ gross domestic product (GDP) is expected to fall at its worst rate in at least 36 years, no thanks to the COVID-19 pandemic’s debilitating impact on the domestic as well as global economies.…
MANILA, Philippines — The shrink in the country’s economy could have been eased had the government allowed public transportation to operate safely during the quarantine period, said Vice President Leni Robredo. Robredo on Sunday, who insisted that…
Our country has experienced negative growth for two quarters in a row in 2020 and is now technically in recession. In the first quarter of 2020, we contracted by 0.7 percent, and for the second quarter, the…
MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the height of the longest and most stringent COVID-19 lockdown in the region that had put a halt to 75 percent…
The research arm of debt watcher Moody’s Investors Service is projecting an 8-percent dive in the Philippines’ gross domestic product (GDP) during the second quarter of 2020 largely as a result of one of the world’s most…
The size of the economy is usually measured by the size of its Gross Domestic Product (GDP). The GDP sums up the value of the country’s total output of final goods and services. It is also…
It is not banks, money, GDP (gross domestic product), or anything that makes up our nation or the economy; it is our people, our workers. Therefore, until the people or our workers are still being locked-up at…
No country in the world, both rich and poor, is immune from the onslaught that comes with the recent coronavirus outbreak that began in Wuhan, China, in December 2019. Known as SARS-Cov-2, the virus has already…
CEBU CITY—The Asian Development Bank (ADB) foresees a slower economic growth for the Philippines this year but projects a strong rebound in 2021. The ADB made this pronouncement in a new ADB report released today…
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