The National Economic and Development Authority (NEDA) brushed off the possible adverse impact of the El Niño phenomenon on consumer prices and the economy.
The National Economic and Development Authority brushed off the possible adverse impact of the El Niño phenomenon on consumer prices and the economy.
As the country is better prepared for the phenomenon, Edillon said, “Hindi kami nakakakita ng malaking negative impact nito sa inflation or sa economy .” “Alam na ng mga kababayan natin kung paano sila maghahanda dito… Mga government agencies natin alam na rin kung paano ‘yung dapat na paghahanda,” she said.In May, the government reconstituted the task force that will respond to El Niño ahead of the on-set of the phenomenon.
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