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Page 160 - பிலிப்பைன் புள்ளிவிவரங்கள் அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Feb trade gap widens as imports rise

​ THE COUNTRY’S trade-in-goods deficit widened in February as imports grew for the first time in 22 months and exports contracted albeit at a slower pace, the government’s statistical agency reported on Thursday. Merchandise imports rose by 2.7% to $7.60 billion in February following a 12.1% annual decline in January, preliminary data by the Philippine Statistics Authority showed. The import tally for February was bigger than the $7.40 billion in February 2020, but smaller than the $8.40 billion in January 2021. Moreover, the value of imports for February was lowest since June 2020’s $6.96 billion. Nevertheless, February imports marked the first expansion in 22 months or since April 2019 when it posted an annual growth of 2.9%.

Philippines GDP decline in 2020 steeper than initially reported

Researcher THE PHILIPPINE ECONOMY performed worse than previously reported in 2020, as the coronavirus pandemic continues to dampen business activity, the Philippine Statistics Authority (PSA) reported on Thursday. Gross domestic product (GDP) — the value of all finished goods and services produced in the country at a given period — fell by record 9.6% last year, slightly faster than the 9.5% drop initially reported on Jan. 28. Meanwhile, GDP for the fourth quarter of 2020 was unchanged at 8.3% from PSA’s preliminary estimate. On the other hand, last year’s gross national income — the sum of the nation’s GDP and net primary income from the rest of the world — was revised to an 11.4% decline from the earlier estimate of -11.1%.

Economy sank deeper in 2020 than initial estimates —PSA

Economy sank deeper in 2020 than initial estimates PSA By TED CORDERO, GMA News Published April 8, 2021 5:35pm A woman reads a book to a group of youngsters sitting on the breakwater of Manila Bay in Pasay City as the sun sets on September 9, 2020. DANNY PATA The economic fallout in 2020 resulting from the COVID-19 pandemic is worse than initially reported, revised estimates by the Philippine Statistics Authority (PSA) showed Thursday. Data released by the PSA showed the country’s economy as measured by gross domestic product (GDP) the summation of all the goods and services produced by a country in a specified period shrank by 9.6% last year, a deeper contraction than the -9.5% reported in January. 

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