Pres. Duterte can revive the economy amidst the pandemic - former President GMA

Pres. Duterte can revive the economy amidst the pandemic - former President GMA




The former President Gloria Macapagal Arroyo has expressed his belief and trust to the current President- Rodrigo Roa Duterte that the appropriate measures to combat the novel coronavirus 2019 diseases or simply known as COVID-19 with respect to the stunted growth of the economy.
The former president made known the public vote of confidence to President Duterte leadership during the virtual meeting at the House Committee on Economic Affairs as she urges the government to give emphasis now on the economic problems along with its collaterals caused and brought about by the COVID-19 pandemic.


"President Duterte has demonstrated the willingness to take swift strong action when needed, such as being among the first to ban flights from China during the early days of the pandemic, and the lockdown last March which in some aspects still remains in place today,” Arroyo said.
Former President Gloria Macapagal Arroyo
(photo credit to owner)
“Thus, if severe consequences result from tipping the balance in favor of the economy, we can be confident the President can take the necessary remedial measures," she said.
The former President took note of the after effect of COVID-19 comparable to 2008 global recession.

"That recession originated from the global financial sector. The upcoming recession will have a broader cause, ie, the abrupt reduction in business activity across almost all sectors because large portions of the workforce and consumer base were degraded due to quarantine conditions. In this sense, the starting point for recovery might be broader and deeper," she said.



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Report from PNA



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