Towards an Inclusive Recovery from COVID-19 Impacts

Abstract

Coronavirus (COVID-19) partly reversed gains made in three decades of sustained decline in poverty and a decade of accelerated reduction in inequality in Philippines. Although the economy is recovering gradually, there are signs that the recovery may be uneven. Income recovery also seems to be slower for the poor. The COVID-19 pandemic may have long-term negative impacts on development of human capital. To manage the pandemic shock, a considerable number of poor households have relied on such adverse coping mechanisms as reducing food consumption, which may aggravate already prevalent child malnutrition and stunting. Policy needs to be directed to support an inclusive recovery and to address enduring medium to long term impacts of the COVID-19 pandemic.