Analysis Of A Fast-Growing Economy Of The Philippines

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A fresh start for the Philippines
As the year 2014 enters, a fresh and clean start is seen in the Philippines’ economy. A new beginning is seen in the country because of goals that are achieved in the first quarter of the year. Different news arise because of the fast-growing economy of the Philippines. The Philippines’ fast-growing economy helps the citizens to improve their lifestyle. The economy of the Philippines remains strong despite the calamities and conflicts that happened from the past months. Programs are proposed to help the country’s fast recover from tragic incidents. The country is expected to have a strong growth this year because of the improvements in businesses and the rise in investments as said in an article by Jovan Cerda.
As stated in “Philippine still Asia’s fastest-growing economy after China” by Karen Lema, evidences are shown that the Philippines is doing well in maintaining the country’s economic status. The economy of the Philippines grew two times faster despite the devastating calamities that the country faced. Nicholas Mapa, an economist at Bank of the Philippines Islands, said that the Philippines is still in the best position to oppose reversal of capital flows. In the final quarter of the year 2013, the economy grew to 6.5 percent which was above the predicted percentage of 6.0. Industries are known to be the main driver which made an improvement of o.9 percent seasonal adjustment to 3.2 percent. Industries in the Philippines contributed a lot in improving the status of the economy. Governor Amando Tetangco said that they will continue to monitor the development of the country for the unceasing growth of the economy.
From the point of view of the Institute of Chartered Accountants in England a...

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...re some factors the present administration could use to promote good governance in the country.
Based from the different news article that I’ve read, the present status of the economy is actually good. Recovering after a devastating calamity needs time to bring back what has been destroyed. But the Philippines still manage to improve its economy despite the destructions from the past. People should maintain a good economy so they can benefit something from what they have been working for. As it is said, the present economic growth of the Philippines is temporary because of different conflicts that arise. There are many possibilities that can help our country to maintain the positive impact in the economy. People should wake up and know the reality of what is happening in our country and know what they can do to help it improve and maintain its high economic status.

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