Hot money reverts to net inflow in Aug
The Philippine Star|October 01, 2021
Economic managers announced last August that the country finally exited from recession, with a gross domestic product (GDP) growth of 11.8 percent in the second quarter.
LAWRENCE AGCAOILI
Hot money reverts to net inflow in Aug

The pandemic-induced recession stretched five quarters to the first quarter of the year after the country’s GDP contracted by a record 9.6 percent in 2020.

Data released by the central bank showed foreign portfolio investments jumped by 21 percent to $806.99 million in August from $666.51 million in the same month last year.

This story is from the October 01, 2021 edition of The Philippine Star.

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This story is from the October 01, 2021 edition of The Philippine Star.

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