Tag: COVID-19 pandemic effects on Philippine economy

PHL has enough resources for “drawn-out” fight vs COVID-19: DOF

(Eagle News)–The Department of Finance gave the assurance the Philippines has enough resources for a “drawn-out struggle” against COVID-19 despite the 9 percent contraction of the economy in the first quarter. “We are not alone in our struggles, although the unique fiscal and macroeconomic strengths with which we entered 2020 will continue to provide us with solid footing as we confront our economic challenges,” Finance Secretary Sonny Dominguez said, as he pointed out the experiences […]