Philippine economy contracts for first time since 1998

Posted 2020-05-07, La Prensa Latina Headlines

Photo: WN / RTayco

Manila, May 7 (efe-epa).- The Philippine economy contracted 0.2 percent in the first quarter of 2020 amid the strict lockdown measures, making it the first drop since 1998, according to data published by the Philippine Statistics Authority on Thursday. The country’s GDP fell 0.2 percent compared to the median growth... read full story

Photo: Pedestrians are priority in BGC Taguig, Metro Manila, Philippines.

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