How will you describe the current economic condition of the Philippines?

With a score of 61.1, the Philippines is ranked 80th in terms of economic freedom in
the 2022 Index. The performance of the Philippines in the 2021 Economic Freedom Index
With a score of 64.1 points, the Philippines' Economic Freedom Ranking increased from
73rd in 2020 to 70th in 2019 (out of 180 nations) ( 178 countries).

How does the pandemic situation affect our economy?

Production of necessities has been slowed down by lockdowns and the potential for
disease transmission. Companies both locally and abroad have suffered losses as a result of
product supply chain delays. Earnings growth in the economy is constrained by insufficient
market cash flow. Millions of workers have lost their jobs as a result of industry closures.
The GDP of several economies is being impacted by disruptions in industrial activity.
Society has undergone a number of changes.

How does our government resolve the economic issues and problems brought by this
pandemic situation?

Governments are in need of quick fixes to assist citizens and businesses as a result
of the COVID-19 pandemic's economic impact, but how such solutions are designed will
depend on long-term global markets. The foundation of a sustainable recovery is a support
package that is time-limited, concentrated, cash-based, and in line with long-term
objectives. It is crucial to avoid distortion of this foundation. To increase public trust and
guarantee that governments are accountable and able to draw lessons from the most
successful programs long after the crisis has passed, transparency in aid packages is
crucial.

In what way do you help your family survive this current global pandemic?

For my family, dealing with the COVID-19 pandemic's effects can be quite
challenging. I had to respond swiftly to shifting circumstances, come to difficult
conclusions, and control unrest at home, at an online class, and in the neighborhood.
Although there are strategies to deal with it and develop resilience, it's not always simple.
We concentrate on gathering resources, such as to improve my family's safety and
resilience. We prepare a safety strategy in case someone becomes ill or there is a security
issue at home.