• July 19, 2024
  • Ang Diyaryong Pinagkakatiwalaan

Worst is over, best is yet to come-Diokno

SINABI ni Finance Secretary Benjamin Diokno na habang “the global economy is likely to face a mild recession” sa  2023 matapos ang COVID-19 pandemic at pagsalakay ng Russia sa Ukraine, “the worst is over and better years are expected” para sa Pilipinas.

Sa isang kalatas, sinabi ni Diokno na ang Pilipinas ay “did very well in 2022,” tinukoy nito ang “political at economical wins.”

“After a modest recovery in 2021, GDP will likely grow much faster than the official target range of 6.5 to 7.5 percent this year,” dagdag na pahayag nito.

“All sectors will be surging, led by manufacturing and construction, while strong domestic demand is supplemented by exports,” wika pa ng Kalihim.

Ibinilang ni Diokno ang  labor market bilang unemployment rate na dumulas sa pinakamababa na 4.5% at 4.6 million new jobs na nalikha noong Oktubre.

Sa kahalintulad na buwan, ang  underemployment rate, o  percentage na nangangailangan ng mas maraming oras ng trabaho ay dumausdos sa 14.2% habang ang average number ng oras ng trabaho ay tumaas

Base rin sa data, mas maraming Filipino, may edad na 15 pataas, ang nakiisa sa manggagawa, itaas ang labor force participation rate sa  64.2%.

Ang  manufacturing sector ay  “source of optimism” ayon kay Diokno.

“The S&P Global Philippines PMI (Purchasing Managers’ Index) has mostly been in an expansion mode, reaching 52.7 percent index points in November. Jobs in the manufacturing sector increased by 10.42 percent in October 2022 year-on-year as improved sales signaled business expansions and higher capacity use,” anito.

“The expanded job creation is a sign of future growth prospects for the sector. Looking ahead, output expectation in the next 12 months remains optimistic with hopes of demand expansions,” dagdag na pahayag nito.

Ani Diokno, ang lahat ng oil prices ay bumalik na sa level nito bago ang   Russia-Ukraine conflict sa gitna ng pangamba sa global demand.

“Rising COVID cases and the strict quarantine measures in China have had dampening effects on crude oil prices and other energy commodities. In brief, the oil futures market remained in backwardation as of 29 November 2022, owing to weak demand due to production disruptions in China, tighter global financial conditions, and deteriorating world growth prospects,” paliwanag nito.

“Higher oil costs are also exerting pressure on domestic inflation, which soared to a 14-year high of 8% in November,” ayon sa ulat.

Samantala, inamin naman ni Diokno na ang inflation ay major concern para sa Philippine authorities, subalit sinabi nito na ang  inflation ay magsisimulang gumaan sa susunod na taon,  ang prediksyon na kalalabasan nito ay sa loob pa rin ng target  band na 2% hanggang  4% sa  2024.

“This positive prediction is based on the very close coordination between monetary and fiscal authorities and the falling prices of oil and related commodities,” paliwanag nito.

Other News
  • PBBM, hinikayat ang publiko na magpa- COVID booster bago ang in-person classes

    HINIKAYAT ni Pangulong Ferdinand Marcos Jr. ang mga pinoy na maghanda para sa pagpapatuloy ng face-to-face classes sa huling buwan ng Agosto.     Sa kanyang lingguhang  vlog, sinabi ng Pangulo na  dapat ay may sapat na proteksyon ang publiko laban COVID-19 bago pa ang inaasahang pagdagsa ng mga estudyante sa mga eskuwelahan.     […]

  • Galatians 6:10

    Do good to all.

  • NORA, kuhang-kuha ang aura ng isang kontrabida na tulad ni Bella Flores

    IMPRESSED kami sa mga photos ni Ms. Nora Aunor posted sa Facebook na sa palagay namin ay para sa promo ng Kontrabida, ang bagong movie ng Superstar from Godfather Productions.     Ibang-iba ang dating ni Ate Guy sa mga larawan. Kuhang-kuha ang aura ng isang kontrabida.     May isang photo na sa biglang […]