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90 November, 2020 Philippines Global: 42 Availability: 47 Cost: 1 Regulation: 67 Productivity: 22 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 15) Region: 11 Availability: 12 Cost: 1 Regulation: 12 Productivity: 10 Remote Readiness 14 Remote Readiness 64 Borders are generally closed although there are some exceptions for foreigners with family in the Philippines and holders of long-term visas. Arrival is subject to quarantine for up to 14 days and a negative Covid-19 test result. Restrictions and curfews are in place at a local level. 2.3% 8.8% 0% 20% Philippines Regional Ave. % of GDP Philippines Q4 2019* Q4 2020* % Change YOY Total Workforce 43.7M 45.8M +5% Unemployment Rate (%) 5.4% 10.0% +85% Unemployed Workers 2.4M 4.6M +94% The Philippines has spent $8.5 billion USD on Covid-19 measures. The key measures to support the economy and jobs include: • Cash transfers for low-income households • Social protection for vulnerable workers • Financial assistance for micro to medium sized businesses • Support for businesses and workers in industries that have been impacted most including agriculture, transportation and tourism. • https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://psa.gov.ph/