ABS-CBN
NEDA: Face-to-face classes to boost PH economy by P12 billion weekly
The National Economic and Development Authority (NEDA) estimates that resuming full face-to-face classes nationwide will inject P12 billion weekly into the economy.
NEDA Secretary Karl Kendrick Chua stated that this economic boost would stem from increased activity in services surrounding schools, such as transportation, food stalls, and school supplies.
This P12 billion weekly injection is in addition to the P16.5 billion estimated to be added to the gross domestic product each week under Alert Level 1.
The Philippine economy reportedly lost P22 trillion over the two years that face-to-face learning was suspended.
Resuming in-person classes nationwide could prevent approximately P11 trillion in annual productivity losses.
As of now, only a small fraction of schools, 1,726 out of 60,743, are conducting face-to-face classes, although 6,213 schools are reportedly ready.
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