6 days IMF turns more pessimistic on PH economy this year Inquirer |Biz
The Philippine economy is seen contracting by 8.3 percent this year—poised to be its biggest annual gross domestic product (GDP) drop in history —as the COVID-19 pandemic soured consumer confidence and private investments due to prolonged quarantine restrictions, the International Monetary Fund (IMF) said. In its October 2020 World Economic Outlook (WEO) report released on […] The post IMF turns more pessimistic on PH economy this year appeared first on Inquirer Business. ... more