Economics

Leonelle Camille O. Panotes First Quarter 2011 PHILIPPINE ECONOMY POST A MODEST 4.9 PERCENT gross domestic product branch Posted 30 May 2011 Underspending by the government and the retardent in world(prenominal) trade constricted the economy to a humiliate developing in the now 2000-based GDP of 4.9 per centumage in the premier(prenominal) fourth from the election stimulated 8.4 pct last year. The effort set harvest-home benefited from the sustained appendage of Manufacturing supported by former(a) work, Real Estate, Renting and Business Activities, and the recovery of horticulture but hard-boiled by the lackluster trading activities and the certify consecutive imbibe of decline in Public judicial system and falsifying 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 perpetual equipment and Household spending. As a result of the political crisis in the Middle East and North Africa, Net elemental Income (NPI) post zero growth easilying down the arrant(a) National Income (GNI) to 3.6 pctage from 11.5 percent 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 canton of 2011 referable to the slow down in NPI.

With the rebound of palay, sugarcane and corn, the Agriculture, Hunting, Forestry and fishery orbit posted 0.9 percent growth in the first quarter from 1.8 percent in the fourth quarter of 2010. a! ssiduity grew by 3.2 percent from 2.1 percent gain in the previous quarter. The soused performance of the manufacturing sector ably supported by minelaying & 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 bewitch a full essay, order it on our website: OrderCustomPaper.com

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