PH urged to adopt anti-hysteresis policies

By Mayvelin U. Caraballo

Jun 05, 2021 1:11 am

THE Philippines must establish policies that assist employees' labor market transitions as well as businesses to counteract 'hysteresis' in employment, according to the Asian Development Bank (ADB).

In a blog released on Friday, the Manila-based multilateral lender said that prior to the coronavirus disease 2019 (Covid-19) pandemic, the Philippines was enjoying its longest period of economic and job growth in history.

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