Philippines enters recession; Malacañang urges Congress to pass Bayanihan 2

The Philippines entered its first recession in nearly three decades due to a 16.5% contraction in GDP in the second quarter of 2020.

Malacañang remains concerned but optimistic about economic recovery through programs like PH-Progreso, Bayanihan 2, and the Build, Build, Build infrastructure program.

The government is urging Congress to pass Bayanihan 2 to aid economic recovery.