Improved health responses needed to boost consumer confidence and spur economic growth -- Angara
In order for the economy to rebound from its dismal growth in 2020, Senator Sonny Angara said the efforts to strengthen the country’s health responses should continue as a first step.
The economy contracted by 11.5% in the third quarter of this year based on the latest data released by the Philippine Statistics Authority (PSA).
Household consumption remained down, contracting by 9.3% in the third quarter, with the biggest declines coming from recreation and culture, restaurants and hotels and transportation.