Philippine 2020 GDP decline to be deeper than forecast
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MANILA (Reuters) - The Philippine economy's contraction this year could be greater than earlier predicted as measures to contain the coronavirus outbreak weigh on domestic demand and investments, and the budget deficit is expected to rise sharply in 2020.Gross domestic product was expected to decline 2% to 3.4% this year, the first contraction in more than two decades, and worse than the government's forecast of -1.0% to 0.0% growth in March, said an inter-agency body in charge of setting the..