Philippine economy seen contracting again in Q1, return to positive growth in Q2

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A former member of the government’s economic team said Wednesday the economy may continue to contract in the first quarter with positive growth returning only in the April to June period. 

Former Socioeconomic Planning Secretary Ernesto Pernia said the country could post year-on-year gross domestic product (GDP) growth in the second quarter as the government further eases restrictions and rolls out vaccines. 

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