Duterte's IATF failed to address COVID crisis as recession looms - Drilon

Duterte's IATF failed to address COVID crisis as recession looms - Drilon




Veteran Liberal Party senator Franklin Drilon is blaming the Duterte administration for the impending economic recession after the Inter-Agency Task Force (IATF) failed to address the worsening health pandemic brought by the global coronavirus disease.
Drilon in an exclusive interview with ANC (ABS-CBN News Channel), advised the country’s economic managers that next six months “would be crucial in setting up the stage for economic recovery.”

He explains that the strategies and policies rolled out by the IATF to avert an impending recession have failed, taking into account the pandemic’s multiple impacts including surging unemployment and involuntary hunger that hit 5.2 million Filipino families.

“The IATF has failed. Let’s call a spade a spade. Look at where we are today: 70,764 Filipinos were affected as of yesterday, deaths running to 1,837, 5 million of our people unemployed, 40 percent of our MSMEs closed, and, the worst, 5.2 million Filipino families suffered hunger in the past three months,” said Drilon.
As per the latest Social Weather Station (SWS) survey, 20.9 percent or an estimated 5.2 million of Filipino families experienced involuntary hunger at least once in the past three months—the highest hunger rate since September 2014 according to Drilon.
He also said it also worsens the situation that the Department of Health (DOH) Secretary Francisco Duque III “lacks the credibility to be able to command people to do things.”

“He cannot influence decisions,” said Drilon.
The Philippine economy contracted by 0.2% during the first quarter and the forecast for the second quarter is even worse, Drilon noted.
A recession is defined by economists as involving economic contractions for two succeeding quarters.
“This means that the next six months will be a question of how to survive. They say that to survive in today’s situation is already a success. We must be able to survive so that we can set the stage for economic recovery,” said the LP senator Drilon.







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