![]() A runaway inflation and volatile exchange rate, for instance, will discourage investors and watchers of the Philippine economy because it will impact on production cost and borrowing rate and, ultimately, on one’s return on revenue. They serve as guide to investors, creditor banks and traders doing business in the Philippines. Macro-economic fundamentals are a summary of the country’s economic health. The economic assistance programs of the city government are mostly for post-disaster needs. to Individual in Crisis Situation (AICS), on the other hand, is a grant for affected. The poverty level obviously has worsened because of the number of jobless persons, and yet the overall economy is functioning and nowhere near a crisis level.īangko Sentral ng Pilipinas Governor Benjamin Diokno early this week assured financial services group and global investment bank Nomura of Japan that the macro-economic fundamentals of the Philippines had remained intact and that this Southeast Asian nation was poised for a strong economic recovery in the post-COVID-19 era. The City of Makati gets invited in the National Planning for DRR. The restrictive lockdown measures may have taken away millions of Filipino jobs and shut down many establishments, but they have not made a dent on the economy so far.Įconomic activities admittedly have considerably slowed down in some sectors, especially in tourism, retail and personal services. The Philippine economy is far from collapsing despite the onslaught of COVID-19.
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