Economy suffered 3.6% contraction in 2020 | Daily FT

Though agriculture contracted by 2.4% in 2020 as against 1% growth in 2019, the growing of rice expanded by 5.7% in 2020 Decline despite 1.3% growth in 4Q; Department of Census and Statistics cites COVID-19 as key cause for contraction For the first time in history all three major economic activities of agriculture, industry and services suffered negative growth rates of 2.4%, 6.9% and 1.5% respectivelyThe economy in 2020 suffered a 3.6% contraction despite a 1.3% improvement in the last quarter, the Department of Census and Statistics (DCS) revealed last evening. It said the previous National…

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HEDGE accordingly