MANILA, Jan 29 (Bloomberg): The Philippines fell again at the bottom of Bloomberg’s Covid Resilience Ranking of the best and worst places to be in amid the pandemic after tighter movement restrictions were reimposed to stem record infections.
After ending in December a three-month streak occupying the last spot, the South-East Asian nation slipped three notches and ranked lowest again this month, dragged by record-high positivity rates in mid-January, when almost half of those who took Covid tests actually have the virus.
Businesses from banks to airlines were disrupted, while hospital beds filled up anew as the Philippines again topped Southeast Asia in daily cases.
Mobility in malls and recreation areas plunged, tighter capacity limits were imposed on restaurants, and the unvaccinated were told to stay home.
In contrast, neighbors Malaysia and Thailand have risen from the ranking’s lowest rungs, as they didn’t have huge infections spikes and with around 70% of their respective populations fully vaccinated.
While still behind most of the region, vaccine coverage in the Philippines is improving, with half of the population already fully inoculated as shots are brought to the archipelago’s remote areas. Infections in the capital region, where most of the cases are, have also started to slow.
Economic output is expected to return to pre-pandemic levels as early as this quarter as the nation moves to a more endemic approach to the virus, the government said. - Bloomberg