FINANCE Secretary Carlos G. Dominguez III said reduced school holidays could help students make up for the shortcomings of pandemic-era schooling, such as the absence of face-to-face lessons. READ:
At a briefing in December, he said the drastic reduction in in-person school hours will have long-term effects because it reduces the earnings potential of future graduates.“I’m not an education expert, so I really don’t know, but we do have to catch up for those lost two years.”
Socioeconomic Planning Secretary Karl Kendrick T. Chua has said that the unavailability of face-to-face schooling could cost the country P11 trillion in lost wages over the next four decades. Moody’s Investors Service in July 2021 said that the Philippines could face deep economic scarring over the long-lasting effects of the pandemic.In response, Mr. Dominguez said the economy is headed to a “strong and early recovery.”
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