UK think tank: PH to avoid 'double-dip' Q2 recession

UK-based Pantheon Macroeconomics predicts that the Philippines will avoid a 'double-dip' recession in Q2 due to better-than-expected external trade and manufacturing performance despite stricter quarantine measures.

The volume of net sales index for April fell by only 0.7 percent month-on-month, erasing half of the previous month's gain, suggesting spending was merely delayed rather than lost.