Philippines GDP Sinks 11.5% On Year In Q3

Trading 10 Nov 2020 Donner votre avis

The Philippines' gross domestic product contracted 11.5 percent on year in the third quarter of 2020, the Philippines Statistics Authority said on Tuesday.

That missed expectations for a decline of 9.8 percent following the 16.9 percent contraction in the three months prior.

On a seasonally adjusted quarterly basis, gross domestic product was up 8.0 percent - roughly in line with expectations following the 15.2 percent fall in the previous three months.

The material has been provided by InstaForex Company -


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