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Economy starts to pick up after trade contraction in May–NEDA

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Economy starts to pick up after trade contraction in May–NEDA

The country’s external trade performance continued to take a beating as data from the Philippine Statistics Authority (PSA) showed exports and imports growth continued to contract in May 2020. Based on the preliminary data released by the PSA on Friday, exports contracted 35.6 percent while imports declined 40.6 percent in May 2020. Total trade, meanwhile, […]