Q3 2020 Puregold Price Club Inc Earnings Call Transcript
Okay. Good afternoon, everyone. So thank you for joining the call for Puregold's 9-month 2020 results briefing. So I have here with me Mr. Anthony Sy, the President of S&R; as well as Mr. Levi Labra, our Board Consultant. So I am -- I haven't sent the presentation out yet. So we will be sending it out to the mailing list after the briefing as well as disclosing it to the stock exchange after the briefing.
So just [2] more callers that I just need to admit. Okay. So I'm now doing the share screen, so for Puregold, the presentation for today. So let's start.
So again, good afternoon to everyone. We'll go through the slides. On Slide 4, this will show you the GDP chart of the Philippines. So in quarter 2, we saw the GDP declined by 16.5%, a record low since 1981. In the third quarter, HSBC is predicting -- forecasting that they're looking at around a slower rate of decline at maybe negative 11%. By year-end, a lot of the -- sorry, by year-end, a lot of the different financial forecast is to decline between 7% to 9%. We're looking
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