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An Act establishing an economic stimulus strategy for the country's growth and development in the aftermath of COVID-19, providing funds therefor June 4, 2020 [7] [8] House Bill No. 6816 Financial Institutions Strategic Transfer (FIST) Act An Act ensuring Philippine financial industry resiliency against the COVID-19 pandemic June 2, 2020 [9] [10]
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
As of 2023, the COVID-19 pandemic is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2). Its effect has been broad, affecting general society, the global economy, culture, ecology, politics, and other areas.
The Bayanihan to Recover as One Act, also known as Bayanihan 2, [1] and officially designated as Republic Act No. 11494, is a law in the Philippines that was enacted in September 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. [2] [3]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
According to graphical representation presented by ADB in the publication, the GDP impact of the outbreak in the Philippines would be about between 0.0 and -0.5 percentage of the GDP in a best-case scenario while in a worst-case scenario, it would be around slightly near −0.5 percentage of the GDP with a hypothetical worst-case impact of ...
The Bayanihan to Heal as One Act, also known as the Bayanihan Act, [1] and officially designated as Republic Act No. 11469, is a law in the Philippines that was enacted in March 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. [2] The word "bayanihan" is a Tagalog word for communal work.
The COVID-19 pandemic in the Philippines was a part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . [4] As of February 17, 2025, there have been 4,173,631 [ 1 ] reported cases, and 66,864 [ 1 ] reported deaths, the fifth highest in Southeast Asia , behind Vietnam , Indonesia ...