Dissecting Data: PH economy sees second worst contraction on record in third quarter
Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Nov 10 03:29 PM
The Philippines got hit by the second worst quarterly contraction in its economy on record in the third quarter. At 11.5 percent, the third quarter contraction was certainly slower than the second quarter’s 16.9 percent contraction, but it was still worse compared to most private sector expectations, as well as government projections.
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