MANILA -- The Philippine economy is on course for its worst annual contraction of the postwar era, due to lengthy coronavirus lockdowns, President Rodrigo Duterte's economic team projected on Thursday.
Economy
Philippines warns of worst postwar GDP contraction due to COVID
Forecast flags deeper-than-expected decline of up to 9.5% before rebound in 2021
A man fixes his mask as he walks past a mural dedicated to health care workers fighting the coronavirus in Manila. © Reuters
Read Next
Latest on Economy
