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Philippines enters recession as GDP contracts 16.5 percent in Q2

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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.

Added on the 07/08/2020 14:00:00 - Copyright : EFE Inglés

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