MANILA, Philippines — With the economy shrinking in the fourth quarter to its worst post-war recession in 2020, there appears to be no room for failure in so far as the rollout of the government’s vaccination program, Vice President Leni Robredo said on Thursday.
“Alarming news today. GDP (gross domestic product) contracted by 8.3% in the 4th Quarter of 2020, which is worse than the forecasted -7.9%. This brings to -9.5% the 2020 full-year contraction, reportedly the worst since 1946,” Robredo, an Economics graduate from UP, said in her personal Facebook profile.
According to Robredo, the contraction — a negative-8.3 percent record on the country’s GDP for the fourth quarte…
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