The Philippine economy grew 6.6 percent last year — beating the expectations of the market, lending institutions and even the government itself — driven by the services, trade, real estate and construction sectors.
In a briefing on Thursday, NSCB chief Jose Ramon Albert announced that output for the fourth quarter hit 6.8 percent, pushing the full-year gross domestic product (GDP) beyond the government's 5 to 6 percent growth expectations for 2012.
The full-year 2012 figure was significantly higher than 2011's 3.7 percent and was slightly higher than the National Economic and Development Authority's (NEDA) 6.5 percent GDP growth expectation.
It was also higher than the market's media forecast of 6.2 percent as shown in a GMA News Online poll.
"The increase was fueled by the robust performance of the services sector led by trade and real estate, renting and business activities as well as the substantial improvements of manufacturing and construction," the National Statistical Coordination Board (NSCB) noted in a separate statement.
"On the demand side, household final consumption expenditure together with government spending, the recovery of capital formation and the remarkable performance of the external trade contributed to the healthy growth of the economy in the fourth quarter and the whole year of 2012," it added.
GMA News
Ilang percent ba ang growth last year? Umakya ba o bumagsak ng bahagya?
yung 7.1 para sa third quarter july to sept.6.8 para sa oct. to dec. kaya ang buong 2012 6.6. last yr. 4% lang kasi.
HINDI AKO KOMUNISTA..
Nice.. this is expected to continue through this year..
Let us all be optimistic and support our administration
4.6% ba last year or 3.8%?
Ah I dunno pero akala ko aabot ng 7.1% ang growth sa 2012.
Wais itong china mag economic sanction na naman yan sa Philippines kasi takot yan na gaganda ang ekonomiya ng pinas eh... kitang nyo.. mag hahanap na naman ng dahilan ang china na yan para e sanction ang Philippines.. abangan nyo yan.. at mapapahiya na naman sila sa mga observer lalo na ngayon nasa UNCLOS na ang kaso.
Sinabi kasi ng SOuth China morning post na mag economic sanction an naman daw ang china sa pilipinas
Hinde lang naman chinak ang bansa sa mundo.
kahit anong sanction ang gawin ng kumag na yan hindi na nya maibabagsak ang ekonomiya ng PILIPINAS.PROTEKTADO YAN tuloy tuloy na yan.ilang beses na silang nag sanction sa atin pero wala namang epekto.
HINDI AKO KOMUNISTA..
Kaya hala bili pa kayo ng made in China, kita nyo na kung paano kayo inaapi
dapat kopyahin na rin natin ang mga made in china na binebenta sa pilipinas pero with good quality para hindi na tayo bibili sa kanila. utakan lang yan eh.
@Anonymous says:
January 31, 2013 at 6:04 PM
LOL ka napaka LOL mo!
Kung mangungupya ka man lang din, doon ka na sa original. Saan ba kumukuha ng techno ang China? diba kinopya ng china ang producto ng Japan, USA at germany..
isip..isip..
Kung mangongopya ka man, dapat yung tama ang kopyahin mo hindi yung mali
Kya nga mangungupya nlng ai s china p!!!!!:-)
Eh Di para ding sinabi MO na Mali ang kinopyahan ng China!! Sabi MO ang China nangopya Lang sa JAPAN,USA@GERMANY it means mga Mali ang products ng mga bansang ito! Ano BA talaga KUYA..LOL
to LOL ka napaka LOL mo! umayos ka nga wala ka sa tono! ahahahahahaha.
Oh' that was really a good news! Wish this situation can bring up more jobs for many job hunters that was still looking for a job.
Maganda raw ang economy pero wala naman trabaho dito lalu na pag ikaw ay 45 years old and above ka na.
OFWs are exploited by the very rich tycoons in our country.
Pag nabawasan ng kalahati ang nag overseas work at pag ang mga local companies sa Pilipinas ay tumatanggap ng mga may edad at mga PWDs siguro iyan na ang umpisa ng economic growth ng Pilipinas.
Hindi naman kasi nag-create ng businesses sa manufacturing, agriculture, tourism, infrastructure, etc.
Hindi naman na-experience ito ng mga mahihirap, gosto nila magaling magsalita ng English - kahit dito sa bansa natin discriminated tayo.
I hope our government will also look into so many foreign workers (mostly Chinese) illegal and legal workers who steal work from Filipinos.
Marami kaya na mga foreign workers dito sa Pinas na ang dapat ay mga trabaho ay para sa mga Filipino pero nasa mga foreigner workers.
Ano naman kaya ang ginagawa ng Labor Department natin? Ms. Baldoz nganga ka na naman.
Sipain kaya natin lahat ng chinese sa bansa pati mga products nila? Sigurado ang daming mababawas sa population natin d kac dapat rh bill eh haha