Philippines Gov’t trying best to keep PH economy afloat: Duterte

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(Philippine News Agency)

President Rodrigo Duterte on Monday night assured the public that the national government is trying its best to keep the Philippine economy afloat after it contracted by a record 9.5 percent in 2020.

In a pre-recorded public address, Duterte admitted that the country’s economy is “sinking deeper and deeper” into recession amid lockdowns caused by the prevailing coronavirus disease 2019 (Covid-19) pandemic but noted that other countries are also experiencing the same financial crises.

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