News Snapshot:
MANILA, Philippines — Bank of China expects the Philippine economy to recover in the fourth quarter of the year from the fallout brought about by the coronavirus disease 2019 or COVID-19 pandemic. Deng Jun, country head of Bank of China Manila, said the Chinese economy has recovered in the second quarter with a gross domestic product (GDP) growth of 3.2 percent after contracting by 6.8 percent in the first quarter. “A positive indication for all other countries on the road to recovery,†he said. Deng said the local economy’s recovery could last through the first half of next year. The...
