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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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