Philippines GDP Contracts for First Time Since 1998 on Shutdowns

This post was originally published on this site

Gross domestic product fell 0.2% in the first quarter compared to a year ago, using 2018 as the new base year, the Philippine Statistics Authority said Thursday. It was worse than the median estimate of 2.9% in a Bloomberg survey of economists. It was the first contraction since the fourth quarter of 1998, the agency said.

Key Insights

Get More

©2020 Bloomberg L.P.

Add Comment