S&P: PH economy to contract 3% in 2020

Jun 27, 2020 12:25 am

A view of the buildings on Roxas Boulevard in Manila from Manila Bay on June 25, 2020.

S&P Global Ratings on Friday trimmed anew its estimate for the country’s gross domestic product (GDP) performance this year as it pointed to government-imposed, growth-disrupting lockdowns as the reason.

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