NEDA: Economic impact of Alert Level 3 'much tamer'

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Metro Manila (CNN Philippines, January 18) — The National Economic and Development Authority (NEDA) expressed optimism the economy could dodge a major blow despite the reimposition of the stricter Alert Level 3 in Metro Manila and other provinces.

During a virtual briefing on Tuesday, Socioeconomic Planning Undersecretary Rose Edillon said the government's shift to the COVID-19 alert level system is "more of a balancing act with respect to the health and economic objectives."

"We have seen indeed the numbers are much tamer in terms of its impact versus what we had before, the ECQ (enhanced community quarantine) and MECQ (modified enhanced community quarantine)," she added.

Last week, the pandemic response task force placed more areas under Alert Level 3 until the end of the month to stamp out the worsening spread of the coronavirus.

READ: 28 more areas placed under stricter Alert Level 3

The National Capital Region also remains under Alert Level 3 until Jan. 31.

Edillon also noted that metropolitan areas across the country have "a very high level of vaccination rate."

"That's a very good protection first to our kababayans. Then second to the economic sector," she said.

In a statement last Jan. 14, the National Task Force against COVID-19 said 54,457,863 people already received full protection against the coronavirus, which represents 70.60% of the country's target population of around 77 million.

"The third is we've been through this before. We are now much better at managing this risk. It's still early days to be revising the growth target... there's still enough time to catch up," Edillon said.