MSMEs join call to boost economy

December 5, 2020 | Source:

Employers may be perceived as responsible for ensuring job security for their employees, but the continued employment of the labor force is also ultimately buoyed by the consumer spending culture that has sustained the Philippine economy for decades before the pandemic.

This was disclosed by Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion in support for the private sector’s call for the increased participation of consumers to reactivate the Philippine economy.

Micro-entrepreneurs and small business owners are finding renewed confidence over the improvement of the country’s economy following the relaxation of the strict quarantine. This is reflected also in the Department of Labor and Employment estimate that the unemployment rate is easing from 17.7 percent at the start of the lockdown to 10 percent by the end of the year.

Concepcion, however, pointed out that everyone has to pitch in to safely boost the recovery further.

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