{
    "success": true,
    "data": {
        "id": 1431517,
        "msgid": "philippine-economy-shrinks-1447893297",
        "date": "1999-01-30 00:00:00",
        "title": "Philippine economy shrinks",
        "author": null,
        "source": "DPA",
        "tags": null,
        "topic": null,
        "summary": "Philippine economy shrinks MANILA (DPA): The Philippines' gross domestic product (GDP) shrank 1.9 per cent in the fourth quarter of 1998 due to a slump in agricultural production, which was ravaged by droughts and floods, a top official said Friday. The figure marked the third consecutive quarter of economic contraction. For the year, the GDP was down 0.5 per cent, said Socio- Economic Planning Secretary Felipe Medalla, but the gross national product (GNP) grew by 0.1 per cent.",
        "content": "<p>Philippine economy shrinks<\/p>\n<p>MANILA (DPA): The Philippines' gross domestic product (GDP)<br>\nshrank 1.9 per cent in the fourth quarter of 1998 due to a slump<br>\nin agricultural production, which was ravaged by droughts and<br>\nfloods, a top official said Friday.<\/p>\n<p>The figure marked the third consecutive quarter of economic<br>\ncontraction.<\/p>\n<p>For the year, the GDP was down 0.5 per cent, said Socio-<br>\nEconomic Planning Secretary Felipe Medalla, but the gross<br>\nnational product (GNP) grew by 0.1 per cent. Income from<br>\nFilipinos abroad enabled overall output to achieve positive<br>\ngrowth, he said.<\/p>\n<p>The Philippines plunged into a recession after second and<br>\nthird-quarter GDP tumbled.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/philippine-economy-shrinks-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}