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Economic Managers Urged To Prepare Stimulus Package For COVID-19

COVID-19 – Economic managers of the Duterte administration were urged to prepare a stimulus package to counter the impact of Coronavirus disease 2019 (COVID-19).

Sen. Antonio Trillanes IV. INQUIRER PHOTO/CATHY MIRANDA | Image from: Inquirer

According to Inquirer, they were urged by former senator Antonio Trillanes IV who said this in a statement:

“While the COVID-19 pandemic is being contained by DOH (Department of Health), Duterte’s economic managers must start coming together to study/draft a possible stimulus package for the heavily affected industries such as tourism, airlines, etc,”

“At least, just enough to keep them from laying off workers,”

Trillanes further said that the economic managers must be proactive like the healthcare workers in trying to contain the issue.

Earlier, Ernesto Pernia, secretary of Socioeconomic Planning, said that the outbreak would greatly endanger the 6.5-7.5 GDP (gross domestic product) growth target of the government if it goes on for a year.

The tourism department, on the other hand, focuses more on domestic tourism as travel bans were imposed from nations that were mostly affected by the viral outbreak, which has reached more than 70 nations globally.

As per the report, Philippines has restricted all travel to and from mainland China as well as Hong Kong and Macau on February 2.

Since it also adopted the “One-China policy” it imposed a ban on Taiwan (since it is officially called Republic of China) at first but later lifted it warned of possible countermeasures.

They recently banned entry on tourists coming from the North Gyeongsang Province in South Korea due to a spike in the number of cases there.

What do you think? How will you react to this? Let us know more about it in the comments below.

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