Government economic managers anticipate a downgrade to COVID-19 Alert Level 1 by the start of 2022, attributed to the sustained drop in COVID-19 cases and increasing vaccine supply.
This potential easing of restrictions would permit businesses to operate at full capacity while adhering to health protocols.
Finance Secretary Carlos Dominguez expressed optimism that the country could safely transition to Alert Level 1 by the onset of the New Year.
An independent research group, OCTA, noted that the Philippines' COVID-19 situation continues to improve, with a low reproduction number of 0.42 and a positivity rate of four percent.
OCTA projects that new cases could decrease to 500 before the year's end.
Dominguez encouraged businesses to prepare for the 'new economy' that will emerge with these relaxed measures, as more people can return to work and infections drop significantly.
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