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PH economy to continue decline in Q4, but milder than previous quarter poll
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Metro Manila (CNN Philippines, January 22) The economy is expected to shrink again in the last three months of 2020, but the plunge seen is still tamer than the quarter prior.
A CNN Philippines poll among 10 economists yielded a wide forecast range of 5-12.2% for the forecasted decline for the fourth quarter. This led to an average of -8.31%, milder than the 11.5% contraction logged in the quarter prior as the country continues to reel from the COVID-19 pandemic.
Still, the forecast average is a distant cry from the 6.4% expansion logged in the last quarter of 2019, driven by a surge in government and infrastructure spending. ....

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