• Fiscal stimulus for Philippines tourism was pressed on

    7 days ago - By Travel and Tourworld

    Revitalizing Philippines tourism whose domestic sector had been majorly impacted by global and local movement restrictions in the middle of the prolonged pandemic would involve fiscal stimulus, mainly infrastructure development, the IMF said.
    To quote the IMF, “Fiscal support can help offset some of the losses in the economy. Asean-5 (Indonesia, Malaysia, the Philippines, Thailand, and Vietnam) is an instructive case, as countries in the region are somewhat diversified and some fiscal space is available. Tourism in the Post-Pandemic World: Economic Challenges and Opportunities for...
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