On the second quarter of 2020, the Philippine economy went into a recession for the first time in 29 years, where it shrank by 16.5%, which was one of the biggest falls in the Southeast Asian region. GDP fell by 9%. Seasonally adjusted GDP fell by 15.2 percent in the second quarter from the first three months of the year. The government expects an economic rebound by 2021, driven in part by the BBB infrastructure program. See also Abenomics AmBisyon Natin 2040 Metro Manila Dream Plan Philippines 2000 References External links Build! Build! Build! official website Presidency of Rodrigo Duterte Eponymous economic ideologies Economic history of the Philippines