The Asian Development Bank conducted a Philippine enterprise survey during April and May 2020 to gauge the impact of the novel coronavirus disease (COVID-19) on the business community. This report provides a rich set of initial facts and ideas for the government to develop evidence-based policymaking to support the revival of Philippine enterprises hurt by the pandemic. It also provides survey-based information for current and future analytical use.

The Philippines entered its deepest recession in post-war history in 2020, with output declining by 9.6 percent. Coming up with a strategy on how to best manage the economy and deal with the fallout of the public health shock, especially on the weaker segments of society, became the biggest challenge of the country's economic policymakers. This chapter/paper looks more closely at that episode, dissecting the macroeconomic impact of the coronavirus, viewing it up close through its impact on households and firms, and then chronicling and reviewing the macroeconomic policy responses of government. It ends by summarizing the lessons to carry and the options on the path forward - for the near future - as the country continues to struggle with the pandemic, and for when it enters a more normalized (post-pandemic) world.

The Philippine economy faces numerous obstacles that impede its growth and development. This literature review examines and discusses the issues facing the Philippine economy, such as the decline in Gross Domestic Product, inflation, unemployment, digital divide, corruption, and poverty, as well as the impact of the COVID-19 pandemic. This persistent problem in the country has resulted in social unrest and political instability. The researchers aim to determine economic recovery in the Philippines during and post-pandemic and how the country survived this global health emergency. The study will further explain the outcome of the government policies implemented in mitigating economic issues and what are the responses conducted to sustain economic recovery. By being aware of these policies and responses, individuals and businesses may navigate economic shifts and make sound financial decisions. The study concludes that COVID-19 has substantially impacted the economy, resulting in economic concerns. Furthermore, the Philippine economy is recovering due to the COVID-19 pandemic, with GDP expansion, employment opportunities, targeted assistance, business confidence, and decreased inflation. The issue of corruption remains negative; from a score of 38 in 2014, it dropped to 33, the lowest score in the index. In addition, the government's policies have helped reduce poverty, create employment, and improve infrastructure to mitigate economic issues.

This study identifies the effect of COVID-19 Pandemic on the economic issues of the Philippines, the hard lockdown ECQ (Enhanced Community Quarantine) last March 17, 2020 to May 31, 2020 had resulted in historically the highest unemployment and biggest fall in Philippine GDP ever. This literature review describe the policies and programs implemented by the Government in mitigating the impact of the COVID-19 Pandemic in the Philippines. Unemployment, income inequality and poverty were some of the issues greatly affected by the pandemic. From this, economic recovery entails strategic social programs and policies that will heal the pandemic scars, build resilience and will promote comprehensive recovery.

This study aims to examine how public spending affects economic growth during the COVID-19 period in the Philippines. The overall design of the research study on the economic situation and public spending during the COVID-19 Pandemic is based on related literature, related studies, empirical studies, and research evidence to get the outcome and state of the economy. The Philippine growth had tapered off to only under six percent until the 2020 pandemic hit the country. Economic theory would suggest that, on some occasions, lower levels of state spending would enhance the economic process, while on other occasions, higher levels of state spending would be more desirable. One of the main economic sectors, agriculture, forestry, fishing, industry, and services all posted growth within the fourth quarter with 1.4 percent, 9.5 percent, and 7.9 percent, respectively. The study results under the Development Budget Coordination Committee state that the Philippine economy continued its strong growth momentum at 6.0 percent in 2019. The examination under the report of the International Labor Organization (2020) is about the multidimensional impact on employment and the labor market that provides an account of the evolution of COVID-19 within the Philippines and its economic impact within the first half of 2020. This is the evidence that shows the economic situation and public spending during the COVID-19 pandemic. From this paper, the attempts by the Philippine government to reply to COVID-19 closely followed the trail of a classic market-driven economic recovery. It viewed the crisis as a short-lived setback for aggregate demand and not a systemic market failure. Through dialogue and concerted action by governments, employers, and worker's organizations, policies and programs can be designed and implemented to deal with the immediate health crisis and to mitigate the effects of some of these measures on employment and incomes.

This research examines the Philippine context, particularly Metro Manila and surrounding regions, during the pandemic which made it possible for budding entrepreneurs to come up with new initiatives like online food business operations by which they could earn an income despite difficult circumstances, and for consumers to purchase meals more conveniently.A survey, divided into six sections, was prepared and sent out to several small-scale food business establishments that operate in the Philippines. Majority of the respondents were female (84%), aged 26 years old and above (96%), with an average total income less than Php 100,000 (US $ 2,000) (68%), and are based in the National Capital Region (NCR) Metro, in the cities Manila and Quezon City.Based on the anchor points used in this research, the analysis is divided into three main sections: 1) Needs: needs of consumers and entrepreneurs, 2) Interventions: interventions of consumers and entrepreneurs aimed at fulfilling these needs, and 3) Evaluation of the effects of these interventions. This study looked at some of these small e-commerce food businesses in the Philippine setting, in order to understand their operational structures, strategies and challenges, and analyzed them with the usage of time-tested analytical models. It was done so not merely with the providing appropriate recommendations for their future operation and growth-oriented undertakings, but also to add to the evolving literature on the impacts and repercussions of COVID-19 crisis that has rocked the world.