MANILA, Philippines — The country’s 4.2 percent gross domestic product (GDP) for the first quarter of 2021 underscores the necessity for the proposed third Bayanihan measure that aims to cushion the impact of the coronavirus pandemic, Speaker Lord Allan Velasco said Tuesday.
According to Velasco, the government has to infuse a substantial amount into the economy by providing much-needed aid to individuals, businesses, and communities severely affected by the health crisis.
“As COVID-19 continues to negatively affect the economy, there’s a growing consensus among members of the House of Representatives that the best tool to prevent a long economic downturn is for the governmen…
Keep on reading: Velasco says Bayanihan 3 ‘more imperative’ amid PH’s weak GDP in Q1 2021