MANILA, May 11 (Reuters) - The Philippine economy shrank by
more than expected in the first quarter of 2021, official data
showed on Tuesday, as prolonged pandemic-induced lockdowns kept
domestic demand sluggish.
The gross domestic product fell 4.2% in the March quarter
from a year earlier PHGDP=ECI , the statistics agency said.
Economists in a Reuters poll had expected the economy to
contract 3.0% after falling 8.3% year-on-year in the previous
quarter.