Question

three paragraph persuasive essay about the current issue faced by the filipinos during the pandemic

Answer 1

Answer:

refer to the attachment

Explanation:

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Answer 2

MANILA, December 8, 2020— The multiple shocks that hit the Philippines – the COVID-19 health crisis, economic activities across the country frozen by quarantine measures, devastating typhoons in November, and the global recession – will likely shrink the economy by 8.1 percent in 2020, temporarily reversing gains made in poverty reduction in recent years. Sustained improvements in managing the pandemic and a possible rebound in the global economy, however, can help the country recover in 2021 and 2022.

These are among the key findings of the Philippines Economic Update (PEU) released today by the World Bank.

The current economic forecast is a revision from the -6.9 percent World Bank forecast in October, resulting from the deep contraction in the third quarter and the extensive damage and losses suffered by the country from the typhoons and floods in November.    

“The series of natural disasters that hit the country while we are battling the pandemic highlights the importance of mainstreaming disaster risk reduction and climate change adaptation into policy and planning ,” said Ndiame Diop, World Bank Country Director for Brunei, Malaysia, Thailand and the Philippines. “While the Philippines is financially resilient, stronger coordination, execution and implementation will help further improve social and physical resilience to frequent shocks.”

Typhoons Rolly (international name Goni), Siony (Atsani), and Ulysses (Vamco) that hit the country in November in just a span of two weeks have brought devastation to a large swath of Luzon, further darkening this year’s growth outlook.

Prior to these disaster events, the economy had already posted a 10 percent contraction in the first three quarters, the worst since the 1985 debt crisis, due to a plunge in private domestic demand, deep contraction in investment activities, and weak exports. Private consumption, which accounts for two-thirds of the Philippine economy has declined at a record pace because of high unemployment and falling incomes.

The economic update says that the pandemic and natural disasters threaten to reverse the trend of a steady decline in poverty in recent years.

The results of a COVID-19 impact monitoring survey conducted in August 2020, show about 40 percent of households reporting a fall in income. Entrepreneurial income reportedly declined particularly among households engaged in non-farm business.

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