MANILA, Philippines — The Philipines economy is just starting to recover from the blows it has had to endure due to the COVID-19 pandemic, Trade Secretary Ramon Lopez said on Wednesday during the pre-recorded televised Cabinet briefing with President Rodrigo Duterte.
Lopez noted that the Philippine gross domestic product (GDP) has been gradually recovering negative growth — from -16.5 percent in the second quarter of 2020, to -11.4 percent in the third quarter, and -8.3 percent in the fourth quarter.
“The line has gone up. The previous minus-16 became minus-11 and then minus-eight. Hopefully, it will continue to increase until it becomes a positi…
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