Warning Signs: Philippine GDP Grows at Slowest in More Than 2 Years

[giver_bert]

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aside from the political fiasco and the currently fluctuations of oil market prices, decrease on domestic investments and exports have been contributory to a significant downstream of GDP growth.. it would be highly remote if we expect to have growth rate given the current scenario that our country is in right now..

but what is of paramount concern, i believe, are not the figures or statistics being reflected, but direct results of whether our economy is advancing or not that we can see by just looking at our streets and the people around us..

every situation has something good about it though.. good thing about snail growth in GDP is it would surely preclude the president at raising the rate of Expanded Value Added Tax to 12 percent by next year..

[bcasabee]

I see. But we should also be careful about it. If we see people around not doing anything, it can imply that the guy is:

1. unskilled thus could not find work, thus useless
2. plain lazy, thus useless
3. the guy has some skills but since there are no private investors willing to put up businesses in their area, the guy is still useless.

If statistics will show that there are more people in the 1st & 2nd category than in the 3rd category. Then you'll be the judge.

But if statistics will show that there are more people in the 3rd category than in the 1st and 2nd. Then there must be something wrong with our business sector not providing enough jobs for our skilled labor force.

but what is of paramount concern, i believe, are not the figures or statistics being reflected, but direct results of whether our economy is advancing or not that we can see by just looking at our streets and the people around us..

[aenigma143]

I see. But we should also be careful about it. If we see people around not doing anything, it can imply that the guy is:

1. unskilled thus could not find work, thus useless
2. plain lazy, thus useless
3. the guy has some skills but since there are no private investors willing to put up businesses in their area, the guy is still useless.

If statistics will show that there are more people in the 1st & 2nd category than in the 3rd category. Then you'll be the judge.

But if statistics will show that there are more people in the 3rd category than in the 1st and 2nd. Then there must be something wrong with our business sector not providing enough jobs for our skilled labor force.

but what is of paramount concern, i believe, are not the figures or statistics being reflected, but direct results of whether our economy is advancing or not that we can see by just looking at our streets and the people around us..

dli lang kana bai... kinsa man sab ganahan mo negosyo kon naa mga NPA mag samok samok.. sama anang magsunod sa mga buses og cellsite... unya pangayoan pa jud og revolutionary tax kunohay... mangayo pa og cut ang politiko unya mangayo pa jud ang mga NPA.. sus kalooy sa mga pobreng trabahante, sila ang na ipit..

[giver_bert]

bcasabee: true, however.. what i'm trying to imply is, majority of us (i think) don't give a damn about statistics.. even a number, or perhaps majority of the populace don't even know what GDP means and how it serve as a vital indicator with the present economic conditions and its direction..

common people would reduce it to even simplier than layman's understanding like guaging it on the basis of jobs being offered and avenues for subsistence..

[bcasabee]

Yup. I agree. Just like what I had said earlier.