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.
EDV
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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