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PH economic slump to soften in Q1 — poll


PH economic slump to soften in Q1 poll
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Metro Manila (CNN Philippines, May 7) The Philippine economy was estimated to have remained in recession in the first quarter but with a contraction that is milder than three months prior.
A CNN Philippines poll among 10 economists showed a forecast range of -4.5% to 2% for the gross domestic product (GDP) from January to March. This yielded an average projection of -2.82%, easing from -8.3% recorded in the last quarter of 2020. GDP measures the country s economic ouput in terms of goods and services in a given year.
Market watchers mainly noted efforts to reopen the economy during the period, which ended with the government declaring once again tighter lockdown measures in a bid to curb the alarming spike in COVID-19 cases. ....

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PH economy to continue decline in Q4, but milder than previous quarter — poll


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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