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Philippines Monthly Economic Developments (August 2020) (English)

This Philippines monthly economic developments newsletter for the Month of August 2020 includes the following information: (i) The Philippine economy plunged into a recession as private consumption and investment contracted sharply in the first half of 2020 as a result of the Coronavirus (COVID-19) pandemic and quarantine measures; (ii) Monetary policy remained supportive of growth while public spending further accelerated in June; and (iii) There were emerging signs of improvement in economic activities in June with smaller contractions in the manufacturing sector and merchandise trade.




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Qian,Rong Chua,Kevin C. Cruz,Kevin Thomas Garcia Enriquez,Karen Annette Lazaro Song,Jiyoung Endo,Isaku

Philippines Monthly Economic Developments (August 2020) (English). Washington, D.C. : World Bank Group.