Economy to improve in Q4 – FMIC, UA&P

The Philippine economy is expected to perform better in the fourth quarter of 2020 after the country’s industrial production and exports showed improvements in the third, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said on Wednesday.

In their latest Market Call report, FMIC and UA&P said “a seemingly minor 2.2-percent year-on-year growth in exports for September and [a] single-digit contraction in industrial output suggest that the economy, which [is still reeling] from Covid-19 (coronavirus disease 2019) in Q3 2020 (third quarter of 2020), now heads for more recovery.”