Palace remains confident of PH recovery from COVID-19

Published June 30, 2021, 10:50 AM

by Argyll Cyrus Geducos

Malacañang said the Philippines was slowly recovering from the effects of the coronavirus (COVID-19) pandemic on the economy, noting that the government was working hard on balancing reviving the economy and preserving the public’s health.

Manila Bulletin/File photo

Presidential Spokesman Harry Roque made the statement after the Philippines slipped into the 52nd slot among 53 economies in Bloomberg’s COVID Resilience Ranking released this week.

According to the report, the Philippines got a score of 45.3, ahead of Argentina that took the last spot in the list with 37.

In a press briefing, Roque said the pandemic obviously took a toll on many countries but pointed out that the Philippines was slowly recovering from its effects.

“Hindi natin makakailala na malaki ang naging epekto ng pandemiya sa ating ekonomiya (We cannot deny that the pandemic had a huge effect on our economy),” he said.

“Pero ang ating economic team naman ay kampante na tayo po ay unti unti nang bumabangaon at tuluyang makakabangon (But our economic team is confident that we are slowly recovering and will fully recover from the pandemic),” he added.

Roque said that the government was working on promoting the total health of the country which includes reviving the economy and protecting the health and safety of the public.

“Ang atin choice ngayon ay hindi (It’s not about choosing) between health and the economy. It is about total health,” he said.

“Ang ating mga polisiya ngayon ay talagang ini-ensure na hindi lang mapapababa ang numero ng COVID kung hindi maiiwasan din po ang pagkagutom sa hanay ng ating kababayan (Our current policies ensure that we lower the number of COVID-19 cases and reducing the number of hungry Filipinos),” he added.

Joining the Philippines and Argentina in the list of the 10 least resilient economies are:

  1. Malaysia (46.6)
  2. India (47.7)
  3. Indonesia (48.2)
  4. Colombia (48.6)
  5. Pakistan (50.7)
  6. Bangladesh (51.3)
  7. Peru (51.4)
  8. Taiwan (52.1)

According to Bloomberg, India, the Philippines, and some Latin American countries ranked the lowest “amid a perfect storm of variant-driven outbreaks, slow vaccination, and global isolation.”

Meanwhile, topping Bloomberg’s list are:

  1. United States of America (76)
  2. New Zealand (73.7)
  3. Switzerland (72.9)
  4. Israel (72.9)
  5. France (72.8)
  6. Spain (72)
  7. Australia (70.1)
  8. Mainland China (69.9)
  9. United Kingdom (68.7)
  10. South Korea (68.6)

Bloomberg used the following indicators in the ranking: people covered by vaccines; lockdown severity; flight capacity; and vaccinated travel routes.

Other indicators were the one-month cases per 100,000, one-month fatality rate, total deaths per million, positive test rate, community mobility, 2021 GDP growth forecast, universal healthcare coverage, and human development index.