Coronavirus pandemic shrank the Philippine economy to its worst contraction since World War II, with gross domestic product (GDP) falling by 9.5% in 2020
Highlights
- Philippine's full-year GDP slumps 9.5%, worst on record
- Malacanang says more cities and provinces in the country may be placed under stricter community quarantine in February
- U.S. under the Biden Administration, affirms its commitment to the Philippines.
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