PSA revises 1st quarter GDP lower to -0.7%
August 5, 2020
The Philippine Statistics Authority (PSA) on Wednesday revised first quarter gross domestic product (GDP) lower to -0.7 percent from -0.2 percent.
Growth rates of net primary income from the rest of the world and gross national income were revised lower from -4.4 percent to -5.9 percent and from -0.6 percent to -1.2 percent, respectively, the PSA said.
The second quarter growth figures will be announced on Thursday. DMS
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