Press Release
PHL 'sinking' economy can create more serious problems, Drilon warns
Failure to address the Philippine's "sinking" economy immediately could create more serious consequences, including increase in crimes, extreme poverty, hunger, joblessness, Senate Minority Leader Franklin M. Drilon warned on Tuesday, as he called on the government economic managers to lay down a comprehensive and realistic plan to address the weakening economy.
Drilon likewise urged the Duterte administration's economic managers to throw a lifeline to the poor and the most vulnerable sectors amid these trying times.
"I agree with the President. That Philippine economy is 'sinking and sinking.' It is a grim reality that we have to face. I am extremely alarmed by the continued decline of our economy and the rising inflation. Let us face it as a nation," Drilon said in a statement Tuesday.