by Ben O. de Vera, Philippine Daily Inquirer, 10 Nov 2020
MANILA, Philippines — As most areas in the Philippines remained under prolonged COVID-19 quarantine, the economy again contracted in the third quarter as expected, although at a slower pace of 11.5 percent year-on-year compared to the record 16.9-percent fall during the second quarter.
As lockdown restrictions eased and the economy gradually opened up, the July to September gross domestic product (GDP) grew 8 percent quarter-on-quarter, National Statistician Claire Dennis S. Mapa told a press conference.
Only the agriculture sector managed to eke out year-on-year growth while industry and services remained negative. All sectors nonetheless grew compared to the second-quarter trough.
The government had projected the economy contracting by 4.5-6.6 percent this year or an average of 5.5 percent, but the economic team will review their estimates in light of the third-quarter outturn.
“The economic team is optimistic that the worst is over for the country,” Acting Socioeconomic Karl Kendrick T. Chua said, even as he noted that the worse-than-expected third-quarter GDP was a result of the two-week revert to stricter lockdown in Metro Manila and four neighboring provinces accounting for half of the economy last August alongside the lack of public transportation barring many workers who wanted to return to their jobs.
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June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
