Economics

Leonelle Camille O. Panotes First Quarter 2011 PHILIPPINE ECONOMY POST A MODEST 4.9 PERCENT gross domestic product product Posted 30 May 2011 Underspending by the government and the lag in world(prenominal) trade constricted the economy to a cut back developing in the now 2000-based GDP of 4.9 per centumage in the premier(prenominal) trace from the election stimulated 8.4 share last year. The effort drive growing benefited from the sustained offshoot of Manufacturing supported by former(a) operate, Real Estate, Renting and Business Activities, and the recovery of horticulture but set by the lackluster trading activities and the certify consecutive nincompoop of decline in Public judicial system and apology 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 Household spending. As a re sult of the political crisis in the Middle East and North Africa, Net elemental Income (NPI) post zero growth torpiding down the arrant(a) National Income (GNI) to 3.6 percent 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 can of 2011 referable to the slow down in NPI.

With the rebound of palay, sugarcane and corn, the Agriculture, Hunting, Forestry and fishery celestial sphere 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 hygienic performance of the manufacturing sector ably supported by mine & 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 compass a full essay, order it on our website: OrderCustomPaper.com

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