Improvement of alert level to boost PH economy

World Bank lowers its growth forecasts for the Philippine economy, citing the delayed passage of the 2019 national budget and Philippine government’s spending ban on new projects before the May midterm elections. INVESTVINE
INVESTVINE

THE vaccination rate in an area is among the factors being looked into vis-à-vis the plan to elevate to Alert Level 1 all parts of the Philippines, a ranking National Economic and Development Authority (NEDA) official said.  

During the virtual briefing for the Malacanang Press Corps on Wednesday, NEDA Undersecretary Rosemarie Edillon said raising to Alert Level 1 all parts of the country will greatly boost the economy’s recovery from the pandemic.  

“But we do understand that we need to follow metrics because we don’t’ want to shift to Alert Level 1 but then, some areas are not yet prepared. One factor that we consider as a major factor is the vaccination rate, especially among the elderlies because they are the most vulnerable,” she said.  

Edillon said they want the reopening of the economy to be sustainable and this is being done on a per province and per independent component city.  

The National Capital Region (NCR) and 47 areas nationwide have been placed under Alert Level 1 from March 16-31, 2022.  

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) has yet to announce its decision regarding the Alert Level system nationwide for the period after March 31. (PNA)

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