Increasing vax rate, declining COVID-19 cases keys to economic recovery

DAVAO DEL NORTE, Oct. 25 (PIA) – An expert said that if the vaccination rates will continue to rise and the COVID-19 cases will decrease, a higher chance of economic recovery is expected given that COVID-19 is the primary reason for inflation in Davao Region and the entire country.

On the Philippine Statistics Authority (PSA) XI Data Dissemination Forum on the Consumers Price Index (CPI), the guest discussant from the Bangko Sentral ng Pilipinas (BSP) - Department of Economic Research Director, Dr. Jasmin E. Dacio highlighted how the CPI and the inflation rates affect the economic policies and the creation of economic recovery roadmaps.

As the head of the Department of Economic Research in BSP, Dr. Dacio said that in framing the economic policies, the inflation rate is the prime factor to be considered. It is also useful in forecasting the economic recovery from the COVID-19 pandemic, she added.

When asked about her opinion on the trend of the economic recovery considering the increasing vaccination rates and significant drop of the COVID-19 cases during the open forum, she said that if the current trend will continue, a higher chance of faster economic recovery will happen.

"If the vaccination rates will continue to increase, given that our COVID-19 cases are dropping, I think there is a higher chance that our economy will recover faster," she said.

Dr. Dacio also said that with an inflation rate of 6.0% for September in 2021 from a higher spike on the previous month on July with 6.7%, Davao Region is one of the regions with high inflation rates. (PIA XI Davao del Norte/jmda/Ezri M. Coda, Jr.)

Comments

Ata IPs of Talaingod renounces CPP-NPA-NDF

DAVAO DEL NORTE, Feb. 28 (PIA)---- More than 200 former officers and members of the Southern Regional Committee of the Southern Mindanao Regional Command of the CPP-NPA-NDF this afternoon renounced their allegiance to the communist terrorist group and committed their full support to the national and local government. They marked their declaration to abandon the CTG with a ceremony done at the Balimba Hills Activity Center, Sitio JBL, Baarangay Sto Nino, in the municipality of Talaingod. An indigenous peoples ritual known in their dialect as “Panubag-tubag” was made, killing a white pig and a white chicken as offerings to the spirits. The combined blood of which, was made to stamp through a thumbmark, their renewed commitment to work for peace and development in their respective communities. All the tribal Datus or chieftains particularly of villages which formerly were mass bases of the CTGs were present, as confirmed when Provincial Governor Edwin I Jubahib recognize

More NPAs surrender in DavNor

DAVAO DEL NORTE, Nov. 23 (PIA) – More than 30 former members of the Communist Party of the Philippines - New People's Army (CPP-NPA) recently surrendered to government troops in the Province of Davao Del Norte with their firearms turned over to the 10th Infantry AGILA Division of the Philippine Army. Presented during a turnover rites at the Davao del Norte Tahanan ng Lalawigan on Nov 22, they were members of Sub-regional Guerilla Unit (SRGU), Sub-regional Committee (SRC) 5, Southern Mindanao Regional Committee (SRMC). Ata-Manobo residents in the hinterlands of the Municipality of Talaingod, the 30 out of 31 surrenderees attended the turning over of firearms to Provincial Governor Edwin I. Jubahib and 10 th Inf “Agila” Division commander, Major General Ernesto C. Torres Jr. Presented in the turnover ceremony was the video from Jubahib sent to Datu Eloy Bontolan of Sitio Pongpong, leading the latter and his group to surrender. " Ang focus sa atong gobyerno karon nga magkahi

Parents urged to register children to Safe Davao QR before vax

DAVAO CITY, February 22—(PIA) A local vaccine czar urged parents to register first their children aged five to eleven to the SAFEDAVAO QR before they can go to vaccine sites for inoculation. Dr. Josephine Villafuerte, Vaccination Cluster head of the city bared the registration to the SAFEDAVAOQR is crucial so that their children will be integrated in the local vaccination system. She said that the vaccination for children now is on its second phase, with three vaccination sites namely San Roque Elementary School in Barrio Obrero, Vicente Hizon Elementary School at Barangay Sasa and the Almendras gym. “Children can be vaccinated on these sites, whether they are walk-ins provided they have registered at the SAFEDAVAOQR,” Villafuerte said. She noticed the vaccination site at San Roque Elementary School in Barrio Obrero accommodated more or less 300 young vaccinees while there were vaccine sites with low turn-out. “Perhaps, some mothers are hesitant, but if they change their minds, vacci

PIA Davao Region

Search This Blog