Philippine GDP up by 6.4% in Q1

[krdskrm]

GDP is going up again after falling in previous quarters. Significant growth are in the areas of services, domestic consumption, and government spending (infrastructure). Agriculture grew but only by 1%, and investments expected to pick up after Moody's upgrade to 'positive' in PH credit rating.

However, analysts say that the PH economic outlook is a bit worrying due to worldwide concerns such as problems in the EU economy and China's recent economic slowdown.

Comparative GDP growth of similar economies
Q1 2012
Philippines 6.4% (second highest since Q2 2010's 8.9%)
Indonesia: 6.3% (lowest in six quarters)
Malaysia: 4.7% (slowing down)
Vietnam: 4.0% (World Bank prediction was 5.7%)

Thailand: more than 6% (forecast)


http://www.channelnewsasia.com/stori...204659/1/.html
http://www.bworldonline.com/content....arter&id=52663

[renz7]

bakit wala dito ang mga anti pnoy? lol!

[shooter_mcgavin]

bakit wala dito ang mga anti pnoy? lol!

Because there are other threads to focus on. But we need to see where this goes because (a) high GDP's in a period is nothing new for the country and (b) how will this help poverty? Philippines is one of those countries where higher GDP doesn't exactly benefit the lower economic class.

[krdskrm]

^Lower GDP hurts, though. At least, comparatively, we did well in our region for the first quarter.

[renz7]

Because there are other threads to focus on. But we need to see where this goes because (a) high GDP's in a period is nothing new for the country and (b) how will this help poverty? Philippines is one of those countries where higher GDP doesn't exactly benefit the lower economic class.

but at least, may indication na maganda o gaganda ang ekonomiya di ba? parang a piece of good news ito. but few cares? gusto ba nilang bumagsak talaga ang pinas dahil hindi nila gusto ang presidente?

kahit naman there are other threads to focus on, kung me magandang balita.. pwede namang mag comment.. mag pass by and say.. ayos ah. lol!

eh konti nga lang ang nagbasa ng magandang balitang ito... bakit kaya? lol!

[shooter_mcgavin]

I remember reading the reason why the relationship between GDP and Decrease of Poverty isn't as direct as it should is because the country's wealth is too concentrated on very few areas (i.e. Metro Manila, Cebu) and very small percentage of the population (normally those already rich/well off).

[krdskrm]

I remember reading the reason why the relationship between GDP and Decrease of Poverty isn't as direct as it should is because the country's wealth is too concentrated on very few areas (i.e. Metro Manila, Cebu) and very small percentage of the population (normally those already rich/well off).

Income inequality is a different monster from economic growth per quarter. While GDP growth is an objective measurement and can be acted upon in a relatively short period of time, income equality depends on several variables beyond economic ones: various sociopolitical factors come in like political culture, equal employment opportunities, education, local politics, corruption, political culture, and geography. (BTW, I am just surmising on the variables. It's not authoritative and I can't provide any evidence. ).

This thread is just about some numbers, positive economic figures. That's all.

[paenggoy]

Given spending as a main driver and heavy reliance on services, we should probably look at other factors, such as classroom availability, employment based on more stringent criteria, health care, etc., and not just compared to the previous year but to a particular standard that we want to see.

[goat1230]

GDP per capita is not a measurement of the standard of living in an economy; however, it is often used as such an indicator, on the rationale that all citizens would benefit from their country's increased economic production. Similarly, GDP per capita is not a measure of personal income. GDP may increase while real incomes for the majority decline.

kaya pala hindi to ramdam ng pinoy ang pag unlad

[krdskrm]

Given spending as a main driver and heavy reliance on services, we should probably look at other factors, such as classroom availability, employment based on more stringent criteria, health care, etc., and not just compared to the previous year but to a particular standard that we want to see.

I agree, with the addition of a better emphasis in the growth of the agriculture sector.

[tmcr7]

Kamusta naman yung mga Corona/Gloria lovers diyan? Hahahaha!

GDP is going up again after falling in previous quarters. Significant growth are in the areas of services, domestic consumption, and government spending (infrastructures). Agriculture grew but only by 1%, and investments expected to pick up after Moody's upgrade to 'positive' in PH credit rating.

However, analysts say that the PH economic outlook is a bit worrying due to worldwide concerns such as problems in the EU economy and China's recent economic slowdown.

Comparative GDP growth of similar economies
Q1 2012
Philippines 6.4% (second highest since Q2 2010's 8.9%)
Indonesia: 6.3% (lowest in six quarters)
Malaysia: 4.7% (slowing down)
Vietnam: 4.0% (World Bank prediction was 5.7%)

Thailand: more than 6% (forecast)


http://www.channelnewsasia.com/stori...204659/1/.html
http://www.bworldonline.com/content....arter&id=52663

[nwfirstranger]

Nako dapat lang. Kaso mejo average-ish pa rin yan kung gusto man nating makipagsabayan sa mga mas mauunlad na neighbors natin.

[paenggoy]

Kamusta naman yung mga Corona/Gloria lovers diyan? Hahahaha!

It is better not to look at this issue in light of partisanship.

[tmcr7]

Pare una ang Pilipinas. Hehehe.

[sargo]

GDP is going up again after falling in previous quarters. Significant growth are in the areas of services, domestic consumption, and government spending (infrastructures). Agriculture grew but only by 1%, and investments expected to pick up after Moody's upgrade to 'positive' in PH credit rating.

However, analysts say that the PH economic outlook is a bit worrying due to worldwide concerns such as problems in the EU economy and China's recent economic slowdown.

Comparative GDP growth of similar economies
Q1 2012
Philippines 6.4% (second highest since Q2 2010's 8.9%)
Indonesia: 6.3% (lowest in six quarters)
Malaysia: 4.7% (slowing down)
Vietnam: 4.0% (World Bank prediction was 5.7%)

Thailand: more than 6% (forecast)


http://www.channelnewsasia.com/stori...204659/1/.html
http://www.bworldonline.com/content....arter&id=52663

whoa! excellent news. this is great growth considering previous low growth and this is not election time. also reflects the good financials reported by companies listed in the philippine stock market.

govt should start heavy spending to pump eco growth. we need to push up the growth rate to 8% - 9% level and sustainable for eco take off.

[tmcr7]

Konektado to pare kasi sabi nung mga maka-Coronarroyo dito eh wala daw ginawa gobyerno ni PNoy kundi mamulitika.

Ayan o, isaksak niyo sa mga baga niyo! Hahaha!

It is better not to look at this issue in light of partisanship.

[Yitzchak]

ah! yes good new... "daw"

GDP is just one parameter to understand the real situation of this country.

Sure, the GDP grew by such and such percent, but even then the effect was in the negative due to mainly inequitable distribution of income and further made artificial by the CCT program (which is being admonished by many tax paying citizens) and delayed releases of budgets that are actually geared for real growth.

So you say good news? I'd say, we're still in deep sh!t... get your president to work on tasks specified on his job description.

[Yitzchak]

whoa! excellent news. this is great growth considering previous low growth and this is not election time. also reflects the good financials reported by companies listed in the philippine stock market.

govt should start heavy spending to pump eco growth. we need to push up the growth rate to 8% - 9% level and sustainable for eco take off.

You're a moron.

It doesn't matter if you spend billions and billions, as long as it is not fairly distributed, it won't matter and the only people that will be laughing all the way to the banks are the Oligarchs.

[renz7]

may bagong spin na naman. kesyo hindi ramdam ng karamihan ng mga pinoy lol! ganun din naman dati rati non pa. walang pinagbago simula ng kay marcos hanggang ngayon ang distribution of wealth. good thing is.. ayos ang gdp NGAYON.. an indication that we are doing okay. hindi pa ba tayo masaya non?

saka wag iasa lahat gobyerno ang kabuhayan. ako mahirap, lumaking sobrang mahirap. nangarap, naghirap para makarating ang kung ano mang maliit na achievements ko. hindi nag re rely dapat kung sino ang nakaupo. wag isisi lahat sa gobyerno lalo na kung ang gobyerno natin HINDI KASING CORRUPT NONG PANAHON NI GLUERYA NA HARAP HARAPAN ANG NAKAWAN, PAGIGING KAWATAN..

kaya siguro hindi maging ayos ang bayan natin dahil sa CRAB MENTALITY NG KARAMIHANG MGA 'INTELLECTUALS' KUNO. they dont want the leaders they did not support to SUCCEED.

[tmcr7]

Mukha kang tang@ dre. Niyayabang niyo mas maganda takbo ng ekonomiya nung panahon ni Gloria dahil sa GDP at GNP. ANO KA NGAYON? Hahaha!

ah! yes good new... "daw"

GDP is just one parameter to understand the real situation of this country.

Sure, the GDP grew by such and such percent, but even then the effect was in the negative due to mainly inequitable distribution of income and further made artificial by the CCT program (which is being admonished by many tax paying citizens) and delayed releases of budgets that are actually geared for real growth.

So you say good news? I'd say, we're still in deep sh!t... get your president to work on tasks specified on his job description.