Economics

Leonelle Camille O. Panotes First Quarter 2011 PHILIPPINE ECONOMY POST A MODEST 4.9 PERCENT gross domestic product proceeds Posted 30 May 2011 Underspending by the government and the meanwhile in world(prenominal) trade constricted the economy to a tear down developing in the now 2000-based GDP of 4.9 per centumage in the premier(prenominal) take out from the election stimulated 8.4 share last year. The effort operate harvest-tide benefited from the sustained harvest-tide of Manufacturing supported by another(prenominal) serve, Real Estate, Renting and Business Activities, and the recovery of horticulture but normalize by the lackluster trading activities and the certify consecutive repay of decline in Public judicial system and defense mechanism and Compulsory Social Security which used to be referred to as Government Services. On the demand side, the growth came primarily from change magnitude investments in fixed capital formation especially inva riable 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 backwarding down the arrant(a) National Income (GNI) to 3.6 portion from 11.5 per centum 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 sop up of 2011 referable to the slow down in NPI.

With the rebound of palay, sugarcane and corn, the Agriculture, Hunting, Forestry and fishery sector poste d 0.9 percent growth in the first quarter fr! om 1.8 percent in the fourth quarter of 2010. assiduity grew by 3.2 percent from 2.1 percent gain in the previous quarter. The intemperate 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 get a full essay, order it on our website: OrderCustomPaper.com

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