PH economy still most vulnerable to COVID-19 – London-based Oxford Economics

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Although the Philippines showed improvement in its management of its COVID-19 situation, analysts still see steep economic challenges with one think tank saying the country remains the most vulnerable among 56 economies. | bendeveraINQ

Oxford Economics assigned a weight of 15 percent to health infrastructure, 19 percent to health policy, 24 percent to epidemiology and the biggest share of 42 percent to economic vulnerability.

The tourism sector’s direct and indirect contributions accounted for about 25 percent of the Philippines’ gross domestic product —the largest in the region, Oxford Economics’ earlier estimates had shown. In a separate Jan. 14 report, Goldman Sachs noted that the Omicron wave led to the highest level of pandemic case loads in Australia and the Philippines.

 

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bendeveraINQ It doesn't add up. If it's improving in its response to the pandemic, then it should not be the most vulnerable among 56 countries. It only shows that for whatever it appears as improvement is merely superficial, no long-term solution. And that's more dangerous...

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