Economics

Leonelle Camille O. Panotes First Quarter 2011 PHILIPPINE ECONOMY POST A MODEST 4.9 PERCENT gross domestic product offset Posted 30 May 2011 Underspending by the government and the backwardness in world(prenominal) trade constricted the economy to a put down developing in the now 2000-based GDP of 4.9 per centumage in the premier(prenominal) backside from the election stimulated 8.4 per centum last year. The effort determined suppuration benefited from the sustained process of Manufacturing supported by different serve, Real Estate, Renting and Business Activities, and the recovery of horticulture but set by the lackluster trading activities and the certify consecutive behind of decline in Public judicial system and defensive measure and Compulsory Social Security which used to be referred to as Government Services. On the demand side, the growth came primarily from increase investments in fixed capital formation especially long-lived equipment and Ho usehold spending. As a result of the political crisis in the Middle East and North Africa, Net elemental Income (NPI) post zero growth decelerateing down the arrant(a) National Income (GNI) to 3.6 pct from 11.5 portion the preceding year, partly similarly because of the peso appreciation. On a seasonally adjusted basis, GDP grew by 1.9 percent while GNI grew at a long-play pace of 0.9 percent in the for the first time backside of 2011 referable to the slow down in NPI.

With the rebound of palay, sugarcane and corn, the Agriculture, Hunting, Forestry and fishery heavens posted 0.9 percent growth in th e first quarter from 1.8 percent in the four! th quarter of 2010. assiduity grew by 3.2 percent from 2.1 percent gain in the previous quarter. The whole performance of the manufacturing sector ably supported by archeological site & Quarrying and Construction negated the contraction of Electricity muff and Water. Services sector likewise posted a 1.3 percent growth for the first quarter of 2010 after declining by 0.7 percent in the previous quarter, as all subsectors recorded imperious growth except for Public Administration and Defense which...If you exigency to proceed a full essay, order it on our website: OrderCustomPaper.com

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