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Added on the 18/08/2020 14:00:00 - Copyright : EFE Inglés
Quezon City, Aug 7 (EFE/EPA).- The Philippine economy entered recession after plummeting by 16.5 percent in the second quarter of the year, its biggest decline since democracy was restored in the country in 1986, dragged down by the strict and long lockdown imposed in the country to contain the COVID-19 epidemic.The sharp decline in the gross domestic product (GDP) between April and June can be attributed to the strict lockdown that President Rodrigo Duterte's government imposed on the island of Luzon, the largest and most populous in the Philippines, which slowed economic activity in the country. (Camera: ROLEX DELA PENA).SHOT LIST: WORKERS PACK MEAT PRODUCTS FOR CUSTOMERS AT A MOBILE MARKET SERVICE IN A VILLAGE UNDER QUARANTINE , A FOOD DELIVERY WORKER WALKS TO HIS MOTORBIKE AFTER PICKING UP AN ORDER AND RESIDENTS QUEUING TO BUY FROM A MOBILE MARKET SERVICE, IN QUEZON CITY, METRO MANILA, PHILIPPINES.
The EU hikes its eurozone growth forecast for 2023 from 0.3 to 0.9 percent on the back of lower gas prices, with EU Commissioner for Economy, Paolo Gentiloni, announcing that the "EU economy is thus set to narrowly escape the technical recession that was projected back in autumn," at a conference in Brussels, Belgium. SOUNDBITE
Yangon, Sep 23 (EFE/EPA).- The Asian Development Bank (ADB) updated Wednesday the expected fall in the gross domestic product (GDP) of Myanmar from 9 percent to 18.4 percent, as the country plunged into a deep crisis due to the military coup and pandemic.In a report on economic forecasts for Asia-Pacific, the ADB ranked Myanmar as the economy that will decline the most this year, only behind the Cook Islands (-26 percent), and does not offer data of the Asian country in 2022 due to the unstable situation. (Camera: STRINGER). B-ROLL OF THE FACTORIES CLOSURE AT MYANMAR-JAPAN JOINT VENTURE THILAWA SPECIAL ECONOMIC ZONE, IN YANGON, MYANMAR.
Yangon, Aug 6 (EFE/EPA).- (Camera: Lynn Bo Bo)The World Bank of Myanmar published the economic results of the country, which was strongly affected and expects an 18% GDP drop due to the pandemic and the coup. FOOTAGE OF YANGON AND THE PORT.
Beijing, Jul 15 (EFE/EPA).- China's gross domestic product (GDP) grew 7.9 percent year-on-year in the second quarter of 2021, according to official data published Thursday. (Camera: WU HONG).B-ROLL OF THE CITY OF CHINA.
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