Ocioeconomic Planning Secretary Karl Kendrick Chua Said Around 77 Percent Of The Country 39s Economy Remains In Heightened Quarantine But Quot People Appear To Have Internalized Pandemic Already Other Words News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Socioeconomic Planning Secretary Karl Kendrick Chua (file photo) MANILA - The domestic economy is expected to remain in expansion mode even with the movement restrictions in the third quarter of 2021. In his speech during the Manila Times virtual 123rd anniversary on Wednesday, Socioeconomic Planning Secretary Karl Kendrick Chua said around 77 percent of the country's economy remains in heightened quarantine but "people appear to have internalized the pandemic already". "In other words, they have made it endemic in their lives and therefore people are simply just moving about with their daily routine and just taking care of themselves. So, I do not think that even with the level of quarantine that we saw in the third quarter, the economy would not be growing. I believe it will be growing because of the data and the change in paradigm, mentality and approach that we are seeing in the last quarter," he said. The government again placed Metro Manila under the stric ....

Metro Manila , Philippines General , Karl Kendrick Chua , National Economic , Philippine Statistics Authority , Development Authority , Manila Times , Director General , Production Index , Socioeconomic Planning Secretary Karl Kendrick Chua File Photo Manila The Domestic Economy Is Expected To Remain In Expansion Mode Even With Movement Restrictions Third Quarter Of 2021 His Speech During Times Virtual 123rd Anniversary On Wednesday , Ocioeconomic Planning Secretary Karl Kendrick Chua Said Around 77 Percent Of The Country 39s Economy Remains In Heightened Quarantine But Quot People Appear To Have Internalized Pandemic Already Other Words , Hey Have Made It Endemic In Their Lives And Therefore People Are Simply Just Moving About With Daily Routine Taking Care Of Themselves So , I Do Not Think That Even With The Level Of Quarantine We Saw In Third Quarter , He Economy Would Not Be Growingi Believe It Will Growing Because Of The Data And Change In Paradigm , Entality And Approach That We Are Seeing In The Last Quarter , Uot He Said The Government Again Placed Metro Manila Under Strictest Movement Restriction , Nhanced Community Quarantine Ecq , Rom August 6 To 20 And Under The Modified Ecq Mecq Until September 15 Because Of Another Spike In Coronavirus Disease 2019 Covid 19 Infections Due Delta Variant Growth , S Measured By Gross Domestic Product Gdp , Everted To Positive Territory In The Second Quarter Of 2021 Witha Print 11 8 Percent , Ndinga Five Quarter Contraction Economic Managers 39 Growth Assumption For This Year Is An Expansion Of Between 4 5 Percent The Philippine Statistics Authority Psa Set To Report Third Gdp On November 9 Chua , Lso The National Economic And Development Authority Neda Director General , Aid Sustainability Of Domestic Growth Depends On People 39s Actions Or By Adhering To The Health Protocols He Said Positive Economic Developments In Country Date Are Not Mainly Due Base Effects But Because Quot All Our Efforts Manage Pandemic Better Among Factors That Cited Improvement Manufacturing Production , Ith The Volume Of Production Index Almost Near Normal 100 Level As Well On Imports Exports And Government Spending Infrastructure Chua Said Before Imposition Ecq In 2020 , He Unemployment Rate Was About 5 3 Percent Surged To 17 6 Because Of The Quarantine Measures But Is Now Around 7 8 , Uot We Still Havea Bit Of Work To Do As Reopen The Economy And Bring Back Some Jobs Quot Chua Said Underemployment Stood At 14 8 Percent In First Quarter 2020 ,