Philippine’s economy 5.2% of fragmentation increased than the fourth time, which brings the development of the years to the public target for reduced use and low-farm discharge.
Data from Philippine Statistics Authority (PSA) is exposed to the total home product (GDP) expanded 5.2% during October-to-December, slowly printing at the same time by 2023 and under the area of 2023 -5.8% between the Businessworld Poll.
This is similar to the increase of 5.2% in the third quarter, which was a slightly slow GDP since 4.3% in the second quarter of 2023.
The full year’s expansion came in 5.6%, a decrease in the revised target of 6-6,5%, and 5.7% Median measured in A Businessworld Poll. The 20024 GDP prints were faster than 5.5% in 2023.
“In 2024, there were many challenges such as worst weather events, Geopolitical conflict, and global reductions, and the challenges we encountered in 2023, the economic and economic authority (and DA) Less than policy and planning group Rosemarie G. Edillon means. “This suggests that these situations may be independent.”
According to the seasonal quarter, GDP has sent 1.8% growth in a four-quarter from 1.5% in previous quarter.
Among Asian countries released their details, Ms Edillon said the Philippines had the third quarter of GDP in quarter, after Vietnam (7%) and China (5.8%).
“While this is under our target, we continue to be one of the fastest and local economic challenges, geopolological conflicts, and global reduction, financial secretary Ralph G. RECO said with a different statement.
Ms Edillon revealed that slow growth in the impact of a series of agricultural agencies during the past 2024 months.
Agriculture, forests, and fishing (Lovers) Shrank with 1.8% in the period of October-December, improves 2.7% of the registration last year.
In 2024, agriculture dropped 1.6%, 1.2%-growth adjustment in 2023.
“The agricultural sector has dealt with key issues because of the storms, drought, and other weather disorders,” said Ms Edillon.
Different PSA data indicated the output of the Agriculture on the Review 2.2% to P1.73 trillion in 2024, submitted by Shi Niña and Laña. The result of the farm results result was bad about three decades (26 years) or from 7% of Comment in 1998.
“The AFF industry, which gives 8% of the GDP and provides a subsistence for about one fourth, animal production, livestock, means touching its risk,” said Ms Edillon.
At the same time, the industry sector grew by 4.4% in the fourth quarter, lowered from 5.1% last year. For 2024, the industry is executed by 5.6%, improves from 3.6% in 2023.
Construction and production were the best participants in the sector growth. The increase in construction dropped at 7.8% of the fourth Cita from 9% at the same time last year, brings 10 years .3%.
“Production has grown only 3.1%. This function is interrupted by the Holy Global Need due to Geopolitical and Economic Economic Systems,” said Ms Edillon.
“There are the industry such as semiconductors that still need to review their product offerings to meet changing requirements.”
The services sector, which calculated 62% of the full, approved GDP, extended by 6.7% in the period of October-to-December, slow 7.4% at the same time in 2023. In the year of services, it has grown at 6.7%.
The use of a lifluster
At that time, lasting capital spending, which causes over 70% of the economic economic, increasing 4.7% in a quarter of a quarter, decreases from 5.2% in the same quarter in 2023.
Full year, household use increased by 4.8%, decreasing from 5.6% in 2023. Private uses relate Three-four of the economy.
Ms Edillon said the use of the house was affected by a series of storms that assault the country in a four-quarter.
“This one has reduced the pressure … Although we realized there was more money on travel, transport and entertainment and culture. But it was inadequate to decrease the costs of things,” he said.
Ms Edillon said the high amounts of food, especially vegetables, and weighed on the fourth quarter.
“We hope this is very temporary … We hope that this situation will soon work,” he added.
Miguel Chancelo, a bigger Asian Economist Pantheon Macronomics, said the latest GDP data reflects an updated corruption in using a home.
“This (4.7% increase in the fourth quarter) Makes Return to the first-year-old half of last year, if 19 years of age – 19 years, more-time – a year-old increase. 2010, “said Mr Chiev.
“We would like to reject the private use of the private sustainability, whereas the interest rates are now, as the buds of the household are not weak,” add low debt, “add.
Gov’t spends
PSA data also indicated the last government spending 9.7% in October to December, which variables from 1% reduction at the same time in 2023.
In 2024, government’s use increased by 7.2%, faster than 0.6% saw in 2023.
“We are very happy with the GFCE’s operation … that growth being used is actually polite and is actually supportive of the whole economy,” said Ms Edillon.
In a different discussion, Ms Edillon said seven of the seven Fairps projects were completed last year and some 13 were in the process of completion this year.
Great financial formation, part of the economic investment, increased by 4.1% in a four-quarter, lowered 11.6% in the same quarter in 2023.
Full year, large amounts of money expanded by 7.5%, faster than 5.9% last year.
Ms Edillon said that often, investment is always good as there is a great job of the background infrastructure projects that will be “reached until we enter all this great investment.”
“About External Investment, you still have Geopolitical Problems. This is a major problem but hope these temporary,” added.
At that time, the submission of goods and services grew by 3.2% in a quarter from 2,5% in the same period last year, a increase in 13.5% of services are conducted. The export of goods falls by 4.6%.
For 2024, the submission of goods and services is completed by 3.4%, faster than 1.4% increase last year.
The import increased by 3.2% in the fourth quarter, faster than 2% last year.
Full year, importing 4.3%, faster than 1% growth in 2023.
Outward
At that time, Nda’s Nks in Dillon said the government was confident about beating at least 6-8% of the 2025 stakeholders are taught to “imagine continuing with a great impact.”
“Looking forward to 2025, we want to return our growth pressure driven by strategic investment and programs designed to strengthen the strength and layering for a long-term, including everything,” added.
Mr.Cicti Rew said the government always hoped in an economic idea this year.
“Low-price inflation provides additional areas to reduce interest rates, which will strengthen the use,” add.
The Capital Economics Senior Agia Economist Careth The skin is expecting Philippine economy to grow at 6% this year.
“Hurrica and solid growth supports our idea that a reduction cycle will always dress a little in the coming months,” Mr this is a sky in the report.
Bangko Sentral Ng Pepipinas started its rating collection in August last year, bringing the total number of 75 BPS to decrease.
“Important uncertainty that the following year is that Donald Trump follows and how much threats to catch the fees and the migration. However, Trump’s eviction 3.5% of the country’s GDP, “said Mr. This is a leather. – ARE SAant
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