Security Bank: PH economy likely contracted by 9% in Q2

By Anna Leah E. Gonzales

Jul 31, 2020 2:27 am

A general view of Makati City, the country's top financial district. (Photo by DJ Diosina)

THE Philippine economy could have shrunk by 9 percent in the second quarter and contract by 4 percent this year on the impact of the lockdowns imposed to prevent the spread of the coronavirus on economic activity, according to an analyst.

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