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Philippines 07 May 2020 | 1:23 PM

Philippine GDP contracts 0.2% in Q1; 2Q may be "bad"

MANILA, Philippines, May 7 (Philippine Inquirer/ANN) – The Philippines’ gross domestic product (GDP) fell 0.2 percent year-on-year in the first quarter as the start of the year was marked with Taal Volcano’s eruption and the coronavirus disease 2019 (COVID-19) pandemic, which has not only slowed global trade and tourism but also forced a domestic lockdown to contain the disease.