”Recession for ages”: the Filipino on their knees

Faulty verification kits and an epic delivery failure have contributed to an increase in the number of new COVID-19 cases in the Philippines, where the economy is now officially on its knees.

Economists needed to revise their forecasts after second-quarter knowledge showed a 16.5 cent drop in year-on-year GDP, a much more consistent and the largest fall in record history. A 0.7% drop followed in the first quarter.

The depletion of consumption, which represents 70% of the Philippine economy, fell in the 3 months that ended on June 30 after President Rodrigo Duterte imposed one of the strictest closures in the world in an effort to flatten the curve of new infections.

A doctor interviews a child queuing for a LOOSE COVID-19 pattern in Manila. Getty

“A recession for ages,” HSBC economist Noelan Arbis titled his research on GDP data, noting that it is one of the “biggest globally reported economic contractions as a result of COVID-19.”

Consumption, which has grown at an average of 5% year-on-year in the following years, has declined in almost all categories.

“The decrease in discretionary spending on restaurants, hotels and clothing has contributed to more than a portion of the decline in personal intake. However, the decline in the intake of essential goods and facilities (physical care, education, transportation and public facilities) has also been acute,” Arbis wrote.

Restrictions decreased in June, but blocking situations took effect in some residential areas of Manila after a wave of positive results; On Thursday, the Philippine Ministry of Health reported 3651 new infections.

The number of infections in the Philippines reached 119,460 this week, surpassing 118,753 Indonesia and is the highest in Southeast Asia.

Approximately 2150 Filipinos have died from COVID-19. Part of the blame is the country’s inability to test in the early days of the pandemic.

Today, its fitness care formula, which has historically specialized in the production of nurses for export, is an excessive strain, revealing weaknesses that Duterte had promised to correct.

A scandal around the Philippine fitness insurance firm intensified this week with the resignation of its senior vice president, retired brigadier general Augustus de Villa. He was in the line of fire Tuesday at a Senate hearing on corruption allegations involving over-priced computer equipment, record forgery and other anomalies.

People are controlled by temperature when they get on a bus in Manila. Ap

“President Duterte ran for president in 2016 as mayor of the Philippines, promising to provide services and fight corruption,” said Malcolm Cook, visiting scholar at the ISEAS-Yusof Ishak Institute in Singapore.

“Instead, the national government’s reaction to COVID-19 has revealed serious disruptions in service delivery, plan development and allegedly major corruption within PhilHealth, a key service delivery agency,” Dr. Cook said.

Efforts to involve the virus in the country were confusing due to an avalanche of returning foreign staff who were unemployed as a result of the pandemic, failed testing and lack of qualified fitness professionals.

Officials used immediate verification kits, basically manufactured in China, that promised to deliver effects in minutes to verify the temporary procedure supporting foreign personnel. But the kits delivered a large proportion of false negatives, allowing inflamed staff to return home with their families, unintentionally spreading the virus.

“Excessive use of immediate tests, which we know would possibly be overlooking about a third of patients who are positive for COVID, would possibly have allowed some asymptomatic carriers to pass,” said Edsel Salvana, an infectious disease specializing at the National Institutes of Health at the University of the Philippines Manila. “Although the 14-day quarantine is still in effect for incoming travelers, the app is variable.”

The Department of Health will no longer use immediate verification kits and the new lock will give officials time to insinuate and treat all infection teams by door-to-door checks, Undersecretary Maria Rosario Vergeire said Wednesday. A study by the University of the Philippines based on government knowledge of infections estimated that stricter restrictions can save you up to 70,000 new cases.

with Reuters

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