2 weeks COVID-19 impact: IMF sees PH GDP dropping by record 8.3 percent in 2020 Inquirer |Biz
MANILA, Philippines—The Philippines is seen shedding 8.3 percent off its economy this year, considered as the biggest annual gross domestic product (GDP) drop in history, as the COVID-19 pandemic battered consumer confidence and private investments through prolonged community quarantine measures, according to the International Monetary Fund (IMF). In its October 2020 World Economic Outlook (WEO) […] The post COVID-19 impact: IMF sees PH GDP dropping by record 8.3 percent in 2020 appeared first on Inquirer Business. ... more