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Congressman Joey Salceda who is an economist and the House of the Representatives Committee chairman on Ways and Means said that the Philippines could go into recession if there is no implementation of a community quarantine, although, he admitted that the COVID-19 pandemic will affect the economy of the Philippines in a negative way. [150]
The COVID-19 pandemic in the Philippines was a part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . [4] As of January 28, 2025, there have been 4,173,631 [ 1 ] reported cases, and 66,864 [ 1 ] reported deaths, the fifth highest in Southeast Asia , behind Vietnam , Indonesia ...
Youth Strike, November 17, 2020, in front of Ateneo de Manila University, was one of the physical protests that criticized government handling of the pandemic, among other issues. The government's handling of the COVID-19 pandemic has received criticism from social media platforms and were also met with physical protests.
Markets in Asia saw tremendous losses on Monday as countries continue to impose widespread lockdowns to curb the spread of the novel coronavirus (COVID-19).Stocks in India saw the biggest drop as ...
Due to the sudden increase number of community transmissions in the area, the IATF-EID recommended the reimposition of the enhanced community quarantine (ECQ) to Cebu City starting on June 16, the most stringent lockdown-measure tier with the neighboring Talisay being reimposed under the modified enhanced community quarantine (MECQ). Meanwhile ...
The Pandemic Emergency Purchase Programme (PEPP) was a monetary policy initiative launched by the European Central Bank (ECB) in March 2020 to mitigate the economic impact of the COVID-19 pandemic. Its primary goals were to maintain price stability, ensure favorable financing conditions across the eurozone, and safeguard the transmission of ...
The Danish economy contracted in quarter 1 of 2020 as the GDP growth transitioned from 0.4% in quarter 4 of 2019 to -0.8% in quarter 1 of 2020 due to the deadly pandemic. Following the dip in GDP in quarter 1 of 2020, another decline came in quarter 2 as it went from -0.8% to -5.9% which resulted in a deep recession. [ 349 ]
2023 in the Philippines details notable events that occurred in the Philippines in 2023. On July 21, 2023, President Bongbong Marcos announced that the government will formally lift the COVID-19 state of public health emergency, marking the end of the three years of the pandemic. The emergency was officially lifted the following day.