The country’s gross domestic product (GDP) likely grew by more than 10 percent year-on-year in the second quarter largely due to the low base last year but also because of the better management of risks during the recent surge in COVID-19 cases, the country’s chief economist said.
Socioeconomic Planning Secretary Karl Kendrick Chua told the Inquirer that based on the latest preliminary economic data, a double-digit or above 10-percent GDP growth was “doable” in the second quarter. The government is scheduled to release the GDP report on Aug. 10.
Chua said he was “hopeful” for a better outturn—a revert to year-on-year growth in output which was last seen in the fourth quarter of 2…
Keep on reading: Q2 GDP seen up by more than 10%