Manila Bulletin
NEDA sees P9.4-B in weekly gains from Alert Level 1
The Philippine economy is estimated to gain P9.4 billion weekly with the transition to Alert Level 1, benefiting 62% of the economy and 20.3 million workers.
Socioeconomic Planning Secretary Karl Chua estimates that this shift could lead to 170,000 fewer unemployed workers over the next quarter.
Should the entire country move to Alert Level 1, economic activity could increase by P16.5 billion weekly, with an additional P5.2 billion in salaries, potentially reducing unemployment by 297,000 workers.
The government has proposed a 10-point policy agenda to accelerate and sustain economic recovery.
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