The Philippine economy shrank the most on record in the whole year of 2020 as lockdown restrictions continued to weigh on all sectors, especially trade and tourism.
Gross domestic product logged an annual fall of 8.3 percent in the fourth quarter, but slower than the 11.4 percent decline posted in the third quarter, the Philippine Statistics Authority reported Thursday.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.