PH growth prospects get dimmer with lockdown

Another bank and a multilateral institution have further downgraded their 2020 economic outlook for the Philippines after the government reverted 50 percent of the economy to stricter lockdown this month despite improving conditions when quarantine restrictions were eased. In a note to clients, Metrobank Research said it now expected gross domestic product (GDP) to shrink […]

Agriculture posted growth in 2nd quarter

Despite disruptions in the country’s food supply chain caused by lockdown measures aimed at preventing the spread of COVID-19, the agriculture sector was still able to register a 0.5-percent growth in the second quarter, thanks mainly to the increased demand for...