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COVID 2023 Predictions and Philippines’ Road to Pandemic Recovery

26 January 2023
COVID 2023 Predictions and Philippines Road to Pandemic Recovery

Recent statistics show that 3,131,550,798 vaccine doses have been administered worldwide. However, confirmed COVID-19 cases continue to increase due to a lack of vaccine awareness and quarantine protocols. 

 

According to the World Health Organization Director-General Tedros Ghebreyesus, the COVID pandemic is not yet set to end this year. But, the good news is that most countries successfully manage the effects of coronavirus. This includes ongoing campaigns, increased vaccinations, and effective COVID-19 treatments.

 

 

 

3 Realities About COVID Pandemic in 2023

In the Philippines, the national government implements sustainable COVID testing protocols and guidelines for pandemic recovery. However, health experts also believe that the country is still not safe since the virus is mutating and producing new infectious variants. 

 

Here are the three (3) realities the Philippines must handle in 2023.

 

New COVID-19 variants

Despite COVID-19 pandemic preparedness and successful treatment of a more severe disease caused by the coronavirus, there is an ongoing threat of new COVID-19 variants. These are more transmissible, infectious, and less responsive to vaccines. Therefore, these new variants are a severe threat to the immune system, increasing the chance of developing long COVID and severe illness.

 

 

Hesitancy on COVID-19 vaccines

Many Filipinos still do not trust the efficacy of COVID-19 vaccines due to possible worse side effects of COVID and resurgent misinformation. Currently, only 65 percent of the total population is fully vaccinated because of hesitancy about coronavaccines.

 

 

Reopening of International Borders and Businesses

Although most countries implement a Zero COVID Policy, they open their borders and businesses to prevent economic crises. The Philippines is also reopening its doors to foreign and domestic investors to encourage people to get vaccinated. However, it is also a risk wherein new cases and variants will invade the country.

 

 

Long-term Battle Continues for these Top Industries

Besides the healthcare industry, other sectors will continue to struggle in 2023 as the COVID pandemic is not yet over. 

 

 

  • Tourism

All tourism-related industries will continue to struggle cause of the global health pandemic. From air travel, cruise lines, and hotel businesses, their operations will remain a limbo if the movement and border restrictions are unpredictable.

 

 

  • Hospitality

Bars, restaurants, cafes, and other food businesses may continue to experience fluctuations due to possible lockdowns and stricter protocols.

 

 

  • Airline

Although the airspace is busy again due to the resumption of domestic and international flights, there is also a possibility it will halt again if COVID cases continue.

 

 

  • Retail

Retail shops, small businesses, and shopping malls are also on the brink of closing down. People may have limited movements to shop and buy non-essential goods and services due to new COVID variants. 

 

 

3 Sectors Will Thrive in 2023

While other industries will still experience the impact of the COVID-19 pandemic, these three (3) sectors are lucky enough to thrive in their business in 2023. 

 

 

Technology

Technology plays an essential role during the height of the COVID-19 pandemic. It became the primary source of income for most businesses and Filipinos. It connects with people to provide goods and services, virtual communication, and learning platforms. That is why many businesses shift to digital platforms to stay connected with their clients. 

 

 

Online Business

People usually shop for items in huge shopping malls and physical boutiques. But during the pandemic, many individuals opt for online shopping to buy their needs. That is why most online businesses provide more home delivery options to gain more attraction to customers. 

 

 

Real Estate

Fortunately, there’s a huge room for real estate despite economic uncertainties and a volatile market. The real estate industry remains thriving, particularly in the digital realm. Although there’s a decreasing demand for commercial spaces, investors take advantage of buying a house and lot in the Philippines. 

 

It is a fact that real estate value is adjusted and relatively affordable during the crisis. Investors know that people will look for rental properties to save money instead of buying affordable house and lot properties. 

 

 

Is the Philippines on the Road to Pandemic Recovery?

Both health-care and economic experts say that the Philippines is leaning toward COVID-19 pandemic recovery. With extensive awareness campaigns, more Filipinos will be convinced to take their shots and spread the good news to others. Other than this, the national government should boost the following:

 

 

  • Administer more widespread vaccination

To reach herd immunity, it takes several months and years to vaccinate all Filipinos. It can be done efficiently, but the availability of vaccines still needs to be improved since it is in global demand. Thus, it takes some time to produce and distribute vaccines worldwide.

 

 

  • Provide better and more responsive vaccines

With the emergence of new coronavirus variants, some vaccines are less effective for the immune system. But once better and more responsive vaccines are available, it will curb the spread of the virus. 

 

According to health experts, a new set of COVID-19 vaccines should prevent severe illness in infected patients. An ideal vaccine should protect the immune system from getting infected again.

 

Meanwhile, researchers believe that COVID-19 and its variants will not yet end soon. But with relatively few variables needed to produce the initial projections, it can be an endemic later if we continue to manage its impact on the global economy. This means that COVID will stay, but it’s not in an emergency phase and contagious if improved vaccines are administered.

 

Apparently, the Philippine economy showed robust growth momentum as of early 2022. It remains strong in spite of inflation and the global crisis. Hence, investing in thriving industries like real estate is still ideal.

 

Lumina Homes, for one, has been established for decades by one of the trusted property developers in the country. It offers affordable house and lot for sale packages for those who want to achieve future goals. It is a perfect and viable investment that can turn into passive income opportunities in a few years. 

 

In terms of location and accessibility, Lumina Homes has over 50 residential community locations throughout the Philippines. These are all close to the country’s top tourist spots, reputable schools and hospitals, and business districts.

 

Invest today and get profitable returns tomorrow. Contact Lumina-accredited sellers in your area. 

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