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The Philippines' GDP contracts 9.5% in 2020, its first annual contraction since 1998 following the 1997 Asian financial crisis and the country's worst economic performance since records began in 1947.
2021-01-28

The United States's GDP contracts 3.5% in 2020, its first annual contraction since 2009 following the financial crisis of 2007–2008 and the country's worst economic performance since 1946.
2021-01-28

South Korea records its worst annual economic growth since 1998 following the Asian financial crisis. Its gross domestic product contracted 1.0 percent in 2020 from 2019.
2021-01-25

Korean Air announces that it will acquire Asiana Airlines for 1.8 trillion KRW (US$1.6 billion) to help the South Korean airline industry continue to grow amid uncertainties during the COVID-19 pandemic.
2020-11-16

The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19.
2020-09-17

The economy officially enters a recession for the first time since 1991 after the Bureau of Statistics reports a 7% decline in GDP over the second quarter, the largest fall since records began in 1959.
2020-09-2

The Brazilian economy officially enters a recession after the country's statistics institute reported a 9.7% decline of its gross domestic product (GDP) in the second quarter, which is the second consecutive quarter of a decline in its GDP. It is Brazil's largest quarterly drop since 1996.
2020-09-1

The Philippine economy falls into recession for the first time in 29 years after the economy shrank by 16.5% in the April to June quarter from the same period last year, which is the biggest slump in the government's quarterly GDP data dating back to 1981.
2020-08-6

Solomon Islands bans all travelers from China, South Korea and Japan. Health minister Dickson Mua also says that the country has suspended flights to Brisbane, Australia, and banned all civil servants from overseas travel in an effort to contain COVID-19.
2020-03-14