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The Philippines economy contracted by 8.3% y/y in the last quarter of 2020
Industry GDP declined on a real-terms basis by 9.9% y/y in Q4 2020, services by 8.4% y/y, and agriculture, forestry and fishing by 2.5% y/y.
Data Bytes
The US ended 2020 with 4% q/q annualised growth in Q4
On the same basis, personal consumption expenditures increased by 2.5% in Q4 2020