The COVID-19 pandemic has further increased the income gap between the rich who got to cope and the poor who suffered more in the Philippines, Tokyo-based think tank Asian Development Bank Institute (ADBI) said.
“In the Philippines, households in the lower-income classes are more likely to have income declines than those in the upper-income classes. This implies that income inequality may have widened amid the COVID-19 pandemic,” ADBI research vice chair Peter Morgan and project consultant Trinh Long said in a working paper titled “Impacts of COVID-19 on Households in Asean Countries and Their Implications for Human Capital Development.”
Based on the results of the ADBI surveys in …
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