MANILA, Philippines — Some senators on Tuesday expressed concerns over the country’s “sinking” economy amid the pandemic, with one lawmaker saying that the Philippines lost at least P4 billion a day because of the 2020 health crisis.
Senate Minority Leader Franklin Drilon warned that failing to address the Philippines’ “sinking” economy could create “more serious consequences,” including increased crimes, extreme poverty, hunger, and joblessness.
“I agree with the President. That Philippine economy is ‘sinking and sinking.’ It is a grim reality that we have to face. I am extremely alarmed by the continued decline of our economy and the rising inflation. Let us face it as a nation…
Keep on reading: Senators call for judicious action plan to avert PH ‘sinking’ economy amid pandemic