- November 10, 2020
- Posted by: admin
- Category: Daily News
- THE government’s move to ease lockdown restrictions and further reopen the economy will likely boost growth in 4Q20, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said.
- In a speech before the 58th Philippine Economic Society Annual Meeting and Conference on 9 Nov 20, Mr. Chua said strict lockdowns should be the “last resort” in the fight against the coronavirus disease 2019 (COVID-19).
- To help the economy recover, he said the economic team had recommended to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases shift its policy “from total risk avoidance to risk management.”
- Mr. Chua said the economic team’s recommendations included increasing the capacity of mass transportation, allowing businesses to run at 100% capacity, boosting health systems, shortening curfew hours, and adopting localized quarantines if COVID-19 cases spike.