MANILA (Reuters) – The Philippine economy is expected to shrink between 2% and 3.4% this year as measures to contain the spread of the novel coronavirus weigh on domestic demand and investments, the government said on Wednesday.
The Philippine government said it expected a rebound in 2021, with the economy growing between 7.1% and 8.1%, supported by an economic recovery programme to mitigate the impact of the pandemic.
(Reporting by Neil Jerome Morales and Karen Lema; Editing by Tom Hogue)
