Bayanihan 2 not enough for economic rebound

The Bayanihan To Recover As One Act or Bayanihan 2 bill will not be enough to support the economic recovery of the country, a University of the Philippines (UP) economist said on Tuesday.

During the general membership meeting of Chamber of Thrift Banks (CTB), UP School of Economics professor emerita Solita Collas-Monsod stressed the government has failed to get its job done in the second quarter of the year, as indicated by the -16.5 percent contraction of the Philippine economy and the 17.7 percent jobless rate during the period.