


| Philippines Falls into Recession as Economy Shrinks by 16.5 Percent |
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The Philippine economy is in a recession after shrinking by 16.5 percent in the second quarter – its worst three-month performance in at least 39 years – officials said Thursday, as the nation overtook Indonesia to post the highest number of coronavirus cases in East Asia.
Posted: 2020-08-06 21:32:00
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