Philippines Shifts to Alert Level 1, Expected Economic Boost

The Philippines shifted to Alert Level 1 on Tuesday, March 1, covering Metro Manila and 38 other areas.

This move is expected to boost the economy by P9.4 billion per week, benefiting 20.3 million workers or 48% of the total workforce.

NEDA projects that if the entire country shifts to Alert Level 1, economic gains could increase to P16.5 billion per week and reduce unemployment by 297,000 over the next quarter.

Socioeconomic Planning Secretary Karl Chua emphasized the need to recover losses of PHP3.8 trillion incurred during the pandemic and highlighted that resuming face-to-face learning would provide a significant economic boost.