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economists

Philippines GDP shrinks 8.3pc y/y in Q4
World

Philippines GDP shrinks 8.3pc y/y in Q4

  • The gross domestic product shrank 8.3% in the December quarter from a year earlier, the statistics agency said.
  • The economy to shrink 8.5% after a revised 11.4% fall year-on-year in the third quarter.
Published 28 Jan, 2021 06:39pm
UK economy shrinks but might avoid double-dip recession
World

UK economy shrinks but might avoid double-dip recession

  • GDP falls 2.6% in November from October vs 5.7% forecast.
  • ONS says many businesses have adapted well to lockdown.
  • Services output down 3.4%, construction up 1.9%, industry flat.
  • Finance minister Sunak warns "things will get harder".
  • Headwinds from Brexit disruption, renewed lockdown mount in Q1.
Published 15 Jan, 2021 06:16pm