The economic growth in Philippine was expected to accelerate the quarter of 2024, burdensome for consumers during the holidays, although annual printing may be achieved in government’s goal, Businessworld The poll is displayed.
The sum of the Home Product (GDP) in October of October to December may increase by 5.8% from the past year, we grow at the speed from 5.2% of the third quarter, according to the central climate. Businessworld Voting for Economic and 18 Analysts last week.
This will be the same as 5.8% increase in the fourth quarter of 2023.
At the same time, the Businessworld The survey revealed the average amount of 5.7% of the 2024, under the Highgage Committee of the Review GDP growth at 6-6.5%.
If it seems, growth by 2024 would be faster than 5.5% published in 2023. This will also be the fastest economic growth of every year or from 7.6% recorded in 2022.
Average year will also be less than predictions made by Asian Development Bank (6%), the World Bank (5.9%), international Fund (5.8%) and the Asean + 3 Macroeconomic office (5.8%).
Philippine Statistics Authority (PSA) will issue a quarter of 2024 a year of 2024 on Thursday, Jan. 30.
“The main engine of economic growth, housing, may have continued from its slow growth in the first half of the year, stable, strong labor market,” says Chinabank Research. -the miles.
It also noted a series of storms and “interfere with” economic activities in agriculture, construction, and tourism in the last three months of the year.
Six cybies attack Philippines between Octobino and November that resulted in an economic loss of more than P22, according to reports of the National Disaster Reduction and Management Council. When it is over, the organization estimates P13.7 billion of infrastructure injury, P7.47 billion in agriculture, and P1.16 billion on irrigation systems.
Deputy president of Security Bank Corp. The head of the research unit, Angelo B. Tanjo said, said it may be possible for the use of families to increase because of the holidays and the increase in the submission of funds.
“The production side, we saw a tight service center – supported by trading trade, accommodation and food services, and the good production of production, though the lazy farming is drawn,” said Mr. Subtitled.
Reinielle Matt M. Erice, Economic Expert in Oikonomia Advisory and Research, e-mail said the increase in government spending may be the cause of the GDP growth in the fourth part.
In the 11th months of November, government’s use increased by 12.96% to P5.28 trillion, about 92% of the revised P5.8-trillion application program.
Panther Macronomics emerging economicist Umiguel Chanco in the email said he expected “a limited decline” in GDP’s fourth and 5.4%.
This should be highly motivated by the decline in government, where positive results are good. Confidence, Economy, All – Bar Sales – appears to find stability at the end of last year, about the Tot-On-Quarter sequence, “he said.
Mr. Chronzo noted that the main goal of private use is that “inflation is overwhelmed and the work market is still in good condition.”
Consumer prices in the last three months increase. Mali drops of inflation increased to 2.3%, passing to 2.5% in November before ascension of four months in 2.9% in December.
Maliated inflation rating reached 3.2% in 2024.
Nicholas Antonio T. Mapa, the main economicist in Metropolitan Bank & Trust Co., said Inflation “was amazing” in 2024, saying that he was under predictions.
Ruben Carlo O. Asucion, the chief economician at the Philippines Union Bank, said that private construction may contribute to the tide of quarterly.
“High amounts have two names of spaces in accommodation andfThe part of the ice / commercial posture, while the provision / property of the Condominium Condominium Condominary Condominary. 34 months), according to local househemists, “said Mr Ashuncion.
He also noted the full-time banning of Operators Gaming offshore “measured in part of other service center services and support services.”
Sarah Tan, Moody’s Analytics technology, said the “bad” conditions of the fourth quarter affected electronics submission of electronics. What measured the growth of export export.
“Despite the increasing of the global technical cycle, he showed advanced semiconductors demand, the Philippines was left out of the cold,” said Ms Tan e-mail.
The first details from the PSA has shown the lack of trading in the country and increase up to two months of 54 billion $ 254.21 PSAs increases while shopping of goods continues to decline.
Electronic products, which numbered 40% of the total shipment total of the previous year, decreased by 6.7% to $ 39.08 billion. Semiconductors, building a large part of electronic products, receive a contract at 13.5% to $ 29.16 billion.
On abroad, electronic products increased by 2.7% to $ 27.37 billion last year, while semiiconductors eagerly at 1.8% were $ 18.5 billion.
Prospects
Meanwhile, many economicians and analysts hope in the Philippine economic idea of this year.
“We expect the Philippine economy to maintain their levels of this year due to improving the use and investment due to a stable inflation, within-targets, and lower borrowing costs,” said Chinabank Research.
“Chief Government budget This year, and the ongoing expenditure of infrastructure, it will support growth,” add.
Sun Life Investment Management Her Accident and Trust Corp. Patrick M. Ella said she expected GDP to grow at 6.2% this year “on the recovery of the use of housing and investing companies in the best possible spending companies.”
Although Philippine’s growth overwhelmed 2024, Mr. Mapa said this year may be a different matter. “
“Growth in the targets that were intended as the construction of the fate is consistent in the front of the epidemic but 2025. Finally, “he said.
The BSP started its easy cycle in August last year, submits the reduction number of 75 BPS value to deliver the standing level to 5.75%. – Kenneth H. Hernandez
Source link
