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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July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
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!
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July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
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28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
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July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
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