About: http://data.cimple.eu/news-article/ce7a2cb26d8cb7f6f323926e9c08d7f6378360f11b3535a04ee5cf62

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/ce7a2cb26d8cb7f6f323926e9c08d7f6378360f11b3535a04ee5cf62 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	The Philippine economy shrank in the first three months of the year as coronavirus restrictions suppressed activity, but a top official said there were signs the country was "on the mend". Gross domestic product contracted 4.2 percent from a year ago, the statistics authority said, marking the fifth straight quarter of decline as efforts to combat Covid-19 deepened the country's economic pain. The number of infections has surpassed a million in the Philippines -- the second highest virus caseload in Southeast Asia -- where authorities have used crippling lockdowns to ease pressure on overstretched hospitals. But the measures have thrown millions out of work, forced businesses to scale back operations and smothered consumer spending. "The latest economic performance shows the limits of economic recovery without any major relaxation of our quarantine policy," Socioeconomic Planning Secretary Karl Chua told a briefing. But there were tentative signs of a rebound, with Chua pointing to quarter-on-quarter growth of 0.3 percent and a pickup in employment. "The country's strong economic position before the pandemic and improving economic data in recent months point to an economy that is on the mend," Chua said. "These are improvements that will support our recovery towards our growth trajectory or target of 6.5 to 7.5 percent (this year)," he added -- assuming vaccinations "ramp up in the middle of the year". So far, nearly two million people have received their first dose of a Covid-19 vaccine, official data showed Monday. Fewer than half a million are fully vaccinated. The recent tightening of restrictions in Manila and surrounding provinces -- the country's economic heartland -- could dampen growth, Chua warned, but "we will not backpedal". The economy slumped by a revised 9.6 percent last year, its worst since records began in 1946. mff/amj/dan
schema:headline	Philippines economy shrinks 4.2% in first quarter
schema:mentions	Southeast Asia Manila Pain Quarantine Gross domestic product Philippines Pandemic Virus Vaccine Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Latent growth modeling
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	69 (xsd:integer)

Faceted Search & Find service v1.16.123 as of May 22 2025

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3241 as of May 22 2025, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 4 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2026 OpenLink Software