Philippines Real Time Monitoring of COVID-19 Impacts

Background • The economy contracted by 9 percent in the first · • • • half of 2020 due to COVID-19 quarantine measures. Private consumption is expected to shrink in 2020 by 6.9* percent due to income losses, poor consumer confidence, and slow recovery in economic activities. Unemployment attained 17.5 percent in April 2020, triple its level in the previous quarter. Despite the government's efforts to mitigate the negative effects of the pandemic on poor and vulnerable households, the outbreak and containment measures are likely to have severely affected households' livelihoods. Up-to-date evidence is required to assess these effects and inform policies to protect vulnerable populations. 20

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