{"id":274920,"date":"2020-11-11T02:36:17","date_gmt":"2020-11-11T07:36:17","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=274920"},"modified":"2020-11-11T02:36:17","modified_gmt":"2020-11-11T07:36:17","slug":"ph-economy-seen-improving-further-in-q4","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/11\/11\/ph-economy-seen-improving-further-in-q4\/","title":{"rendered":"PH economy seen improving further in Q4"},"content":{"rendered":"
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FINANCIAL DISTRICT. The high-rise buildings in Metro Manila as seen from a portion of Sumulong Highway in Antipolo City, Rizal. People flock to the area to see an overlooking view of the metropolis, especially during weekends. (PNA photo by Joey O. Razon)<\/figcaption><\/figure>\n<\/div>\n
MANILA\u00a0\u2013 An improvement in economic performance is expected to continue even if it remains in contraction in the fourth quarter of 2020 while positive growth can start only next year.<\/div>\n
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In a virtual briefing Tuesday, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said he forecasts the fourth-quarter output to stay between -8 to -9 percent while it is projected to range between 6 to 7 percent next year.<\/div>\n
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\u201cThe estimate for this year is somewhere between -9.5 percent to -7 percent,\u201d he said.<\/div>\n
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The government on Tuesday reported that growth, as measured by gross domestic product (GDP), posted an -11.5 percent print in the third quarter, better than the -16.9 percent in the previous quarter.<\/div>\n
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In the first nine months this year, growth contracted by around 10 percent, deeper than the -5.5 percent full year projected by economic managers.<\/div>\n
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Authorities believe that the \u201cworst is over\u201d for the domestic economy this year as continued reopening boosts economic activities.<\/div>\n
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Domestic output is expected to recover between 6.5 to 7.5 percent next year before eventually getting back on track on its original growth path by 2022.<\/div>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 An improvement in economic performance is expected to continue even if it remains in contraction in the fourth quarter …<\/p>\n","protected":false},"author":33,"featured_media":274921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-274920","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\/274920","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=274920"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/274920\/revisions"}],"predecessor-version":[{"id":274922,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/274920\/revisions\/274922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/274921"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=274920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=274920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=274920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}