{"id":274598,"date":"2020-11-08T23:11:09","date_gmt":"2020-11-09T04:11:09","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=274598"},"modified":"2020-11-08T23:11:09","modified_gmt":"2020-11-09T04:11:09","slug":"moodys-analytics-expects-6-gdp-for-ph-q3-2020","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/11\/08\/moodys-analytics-expects-6-gdp-for-ph-q3-2020\/","title":{"rendered":"Moody\u2019s Analytics expects -6% GDP for PH Q3 2020"},"content":{"rendered":"<figure id=\"attachment_172503\" aria-describedby=\"caption-attachment-172503\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/shutterstock_293228876-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-172503\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/shutterstock_293228876-1.jpg\" alt=\"\" width=\"1000\" height=\"693\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/shutterstock_293228876-1.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/shutterstock_293228876-1-300x208.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/shutterstock_293228876-1-768x532.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-172503\" class=\"wp-caption-text\">In its Asia Pacific Economic Preview for the week covering November 9-13, released Monday, the economic research subsidiary of Moody\u2019s Corporation said the increase of coronavirus disease (Covid-19) cases in the third quarter this year resulted in \u201cnecessitating the extension of conditional restrictions.\u201d (Gil C \/ Shutterstock.com)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0\u2013 Moody\u2019s Analytics forecasts a -6 percent output for the Philippine economy for the third quarter of 2020, an improvement from the -16.5 percent print it registered in the previous quarter.<\/p>\n<p>In its Asia Pacific Economic Preview for the week covering November 9-13, released Monday, the economic research subsidiary of Moody\u2019s Corporation said the increase of coronavirus disease (Covid-19) cases in the third quarter this year resulted in \u201cnecessitating the extension of conditional restrictions.\u201d<\/p>\n<p>\u201cThe surge in domestic cases is expected to have dampened the revival in domestic demand, giving rise to another quarter of contraction,\u201d the report read.<\/p>\n<p>The government re-implemented for 15 days the modified enhanced community quarantine, second strictest movement restriction, starting Aug. 4 in the National Capital Region and the provinces of Laguna, Rizal, Cavite and Bulacan to help address the rising Covid-19 infections.<\/p>\n<p>As of July, economic managers forecast a 5.5 percent economic contraction, as measured by gross domestic product, this 2020.<\/p>\n<p>Finance Secretary Carlos Dominguez IIII earlier said the re-implementation of the MECQ last August may further hurt the economy hence, he forecasts full-year GDP to be around -6 percent this year.<\/p>\n<p>The Philippine Statistics Authority is scheduled to report the third quarter output on Nov. 10.<\/p>\n<p>Authorities and economists alike forecast better figures for the third quarter after citing the improvements of several gauges like exports due primarily to the continued re-opening of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 Moody\u2019s Analytics forecasts a -6 percent output for the Philippine economy for the third quarter of 2020, an improvement &hellip;<\/p>\n","protected":false},"author":33,"featured_media":172503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-274598","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/274598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=274598"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/274598\/revisions"}],"predecessor-version":[{"id":274599,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/274598\/revisions\/274599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/172503"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=274598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=274598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=274598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}