
PH in 2021 – from recession to restoration
PH in 2021 – from recession to restoration
The Philippines fell into recession in 2020, esteem many other nations on the planet, because the COVID-19 pandemic stopped virtually all financial exercise. The nation’s Unhappy Domestic Product (GDP) fell by 16.5 percent within the second quarter of April-Would possibly perchance maybe also simply-June from the earlier one year, the largest trot since GDP recording started in 1981.
Manufacturing became down by 21 percent; building, down by 33.5 percent; transportation and storage, down by 59.2 percent; industry and providers and products, down by 22.9 percent; providers and products, down by 15.8 percent; family expenditures, down by 15.5 pe...