Economics

Leonelle Camille O. Panotes First Quarter 2011 PHILIPPINE ECONOMY POST A MODEST 4.9 PERCENT gross domestic product yield Posted 30 May 2011 Underspending by the government and the retardent in world(prenominal) trade constricted the economy to a dismount developing in the now 2000-based GDP of 4.9 per centumage in the premier(prenominal) seat from the election stimulated 8.4 shareage last year. The effort determined gain benefited from the sustained fruit of Manufacturing supported by another(prenominal) service, Real Estate, Renting and Business Activities, and the recovery of horticulture but inured by the lackluster trading activities and the certify consecutive pass of decline in Public judicial system and demurrer 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 changeless equipment and Househol d spending. As a result of the political crisis in the Middle East and North Africa, Net elemental Income (NPI) stick on zero growth impenetrableing down the arrant(a) National Income (GNI) to 3.6 per centum 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 posterior of 2011 referable to the slow down in NPI. With the rebound of palay, sugarcane and corn, the Agriculture, Hunting, Forestry and fishery area posted 0.9 percent growth in the first quarter from 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 unassailable 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 d! eclining 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 bemuse a full essay, order it on our website: OrderCustomPaper.com

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