A vendor prepares chickens to sell at a market in Manila on August 6, 2020. The Philippines plunged into recession after its biggest quarterly contraction in four decades, data, as the economy reels from Covid-19 coronavirus lockdowns. AFP
A vendor prepares chickens to sell at a market in Manila on August 6, 2020. The Philippines plunged into recession after its biggest quarterly contraction in four decades, data, as the economy reels fShow more

Economy

Philippines economy suffers deepest contraction and plunges into recession

Economic output shrank 16.5% in the second quarter from a year ago, the worst reading since 1981

Bloomberg

August 06, 2020