People on twitter are already sharing that they have lost their jobs, there are businesses that are retrenching.
It’s going to be a multiplied burden to the government. The unemployment rate is increasing as we speak. I am really interested to know how are they going to at least save existing jobs.
I mean it is the responsibility of the government to influence and support both public and private entities. It is not only good for our economy but private companies also solve employment issues for the government.
Our unemployment rate had already worsened before lockdown. We cannot afford to go beyond that rate.
It is high time that loans from New Development Bank, World Bank and IMF are put into good use.
By Frans SJ
Image by Free to Use Sounds/Unsplash