Duterte forms group to draft post-COVID-19 recovery plan

President Duterte has formed a small group of economic managers to draft an economic recovery plan after the COVID-19 pandemic.

Cabinet Secretary Karlo Nograles stated that more data is needed before presenting the proposed measures.

NEDA assured that its three-phased program will help the economy recover faster, with phases focusing on healthcare capacity, social amelioration for affected sectors, and transitioning to a 'new normal'.

The government aims to ensure economic stability and rapid recovery despite the current downward pressure due to the pandemic and enhanced community quarantine.