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On July 22, 2023, President Bongbong Marcos lifted COVID-19 pandemic as state of public health emergency. [27] On June 14, 2024, a Reuters expose revealed that the United States allegedly launched a clandestine campaign against China in the Philippines at the height of the pandemic, causing economic damage and putting innocent lives at risk. It ...
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 Philippine economy contracted by 0.2% in the first quarter of 2020, for the first time since 1998, due to the COVID-19 pandemic and resulting lockdown. [196] Fitch Ratings downgraded its outlook on the Philippines to factor in the impact of the global health crisis brought about by the coronavirus disease 2019 (COVID-19). [197]
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 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 ...
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 .
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.
Timeline of the COVID-19 pandemic in the Philippines (2022) Index of articles associated with the same name This set index article includes a list of related items that share the same name (or similar names).