MANILA, April 8 (Reuters): The Philippine economy shrank by 9.6% last year, the Philippine Statistics Authority has announced, revising the figure from an initial estimate of a 9.5% contraction, which already was the worst slump on a yearly basis on record.
The pandemic-hit economy's contraction in the fourth quarter of 2020 on an annual basis was unchanged at 8.3%, it said in a statement.
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