The Philippines, Contract

Philippines first quarter GDP contracts 4.2per cent year-on-year, more than expected

Philippines first quarter GDP contracts 4.2per cent year-on-year, more than expected

11/5/2021 5:43:00 AM
The Philippines, Contract

Philippines first quarter GDP contracts 4.2per cent year-on-year, more than expected

The Philippine economy shrank by more than expected in the first quarter of 2021, official data showed on Tuesday, as prolonged pandemic-induced ...

BusinessThe Philippine economy shrank by more than expected in the first quarter of 2021, official data showed on Tuesday, as prolonged pandemic-induced lockdowns kept domestic demand sluggish.FILE PHOTO: A worker installs steel rods at a construction site in Paranaque city, metro Manila, Philippines May 29, 2018. REUTERS/Romeo Ranoco

‘We've nothing like that here’: US teen whose MBS 'Chattanooga, Tennessee' post went viral says it was meant in jest Spike in demand as delivery-only McDonald’s BTS Meal launches after delay 44-year-old man dies due to COVID-19; 13 new community cases in Singapore

11 May 2021 10:15AMShare this contentBookmarkMANILA: The Philippine economy shrank by more than expected in the first quarter of 2021, official data showed on Tuesday, as prolonged pandemic-induced lockdowns kept domestic demand sluggish.The gross domestic product fell 4.2per cent in the March quarter from a year earlier, the statistics agency said.

AdvertisementAdvertisementEconomists in a Reuters poll had expected the economy to contract 3.0per cent after falling 8.3per cent year-on-year in the previous quarter.(Reporting by Neil Jerome Morales, Karen Lema and Enrico Dela Cruz; Editing by Himani Sarkar) headtopics.com

Read more: CNA »

Covid-19: People who visit hot spots on same day as infected cases must be tested, isolated until results out

SINGAPORE — With more transmissible coronavirus strains lurking in the wider community, the authorities will require those who have visited hot spots on the same days as infected people to undergo compulsory testing and stay isolated until they get their results.

Malaysia's GDP slump eases in first quarter on export recoveryMalaysia's economy contracted less sharply in the first quarter as domestic spending improved along with external demand in spite of a recent ...

Japan March household spending rises 6.2per cent year/yearJapanese household spending rose 6.2per cent in March from a year earlier, government data showed on Tuesday, compared with economists' median ...

China April PPI +6.8per cent year-on-year, CPI +0.9per cent year-on-yearChina's factory gate prices rose 6.8per cent from a year earlier in April, official data showed on Tuesday, reaching the highest level since ...

Japan March household spending posts first rise in 4 monthsJapanese household spending rose 6.2per cent in March from a year earlier, government data showed on Tuesday, compared with economists' median ...