Read this in The Manila Times digital edition.
THE Philippine economy contracted by a record 9.6 percent in 2020 due to the combined effects of the Taal Volcano eruption and the Covid-19 pandemic.
More than a year after the first imposition of the strictest community quarantine measure, the economy went back to positive territory, growing by 11.8 percent in the second quarter, a reversal from the year-earlier 17-percent contraction.
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