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Home  >>   Daily News  >>   Philippines  >>Economy  >> Gov't spending still a threat to PHL growth – economist
NEW UPDATES Asean Affairs  15 July 2015  


Gov't spending still a threat to PHL growth – economist

The government’s inability to implement its own spending program this year and in 2016 is “the most immediate threat” to the economy, an economist from the University of the Philippines (UP) said in an interview.
 
The “sub-par performance” of Philippine output, as measured by the gross domestic product (GDP) in 2014 and the first quarter of 2015 can be traced to the bottlenecks in fiscal spending, said Emmanuel de Dios of the UP School of Economics.
 
The Philippine GDP expanded at a slower 5.2 percent in the first quarter of 2015 compared with 5.6 percent a year earlier on lower infrastructure spending. GDP is the total value of goods and services produced by a country in a given period, excluding the value of income from abroad.
 
Last year, the economy grew by 6.1 percent from 7.2 percent in 2013.--GMA NEWS



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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