Philippine News Agency
Economy can’t bear another massive lockdown: DTI chief
Trade Secretary Ramon Lopez stated that the Philippine economy cannot withstand another nationwide lockdown, especially with the rising threat of the Delta variant.
He highlighted that a previous enhanced community quarantine (ECQ) in March to April resulted in P30 billion in lost wages.
Lopez warned that another ECQ in Metro Manila could lead to the closure of 16% of establishments, affecting 1.8 million workers.
Despite recommendations from OCTA Research for a two-week lockdown in the National Capital Region (NCR), the government opted to extend the general community quarantine (GCQ) with heightened restrictions for August 1 to 15.
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The Department of Trade and Industry (DTI) Secretary Ramon Lopez stated that the decision to place the National Capital Region (NCR) under a general community quarantine (GCQ) with heightened restrictions aims to balance health safety with economic recovery.
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President Rodrigo Duterte's economic team has conceded to a possible revert to more stringent lockdown measures to prevent the further spread of the Delta variant of COVID-19.
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The Philippine economy is projected to lose at least P105 billion weekly due to the strictest Enhanced Community Quarantine (ECQ) in Metro Manila, according to Socioeconomic Planning Secretary Karl Kendrick Chua.
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Experts are recommending a two-week circuit-breaker lockdown in the Philippines to curb the spread of the highly transmissible Delta variant of COVID-19.
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Malacañang announced that the government is not considering stricter nationwide lockdowns despite the threat of the Delta variant of COVID-19.
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