PAPAJACKPH_GDP 2018

WHY PHILIPPINE GDP GROWS BY 6.2%

The Philippine GDP squabbled in the first quarter of 2018 making its 6.9 per cent remarkable market trend.  During the last quarter boost, it grew to 6.1 per cent growth resulting to 6.2 per cent for the whole year.

Although there is One percent down from 2017 GDP annual growth rate,  the Philippine Market keep a steady push under the Duterte Administration.  

The reason why the rate downward radically changed towards 2018 was mainly because of the excise tax that was higher on consumption of good, global oil price hike. The quarter 4 GDP was slightly below the estimate as compared from the December 2017.


Where are we going?

 The government targets the economy to advance between 7 to 8 percent which means that each sectors is expected to rebound for agriculture, hunting, forestry, fishing  and services. 

Considering this uncertainties, there is a study conducted by McKinsey Global Institute(MGI) which placed the Philippines amongst the emerging market economies that are well prepared to achieve sustained growth over the next decade, so there is nothing to worry.

Meanwhile, even if the Duterte Administration is still at war against Drugs the administration still looking to balance the price of the commodities versus the record on the human rights.

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