Philippine Economy Skyrockets to 6.4%

| August 28, 2014 | 0 Comments

President Benigno Aquino III has every reason to celebrate with his economic key players as the Philippine economy soars up to 6.4% in the second quarter of 2014. As a result, the Philippines is now second Southeast Asian country with a fastest growing economy next to China. This very impressive economic stature was disclosed by the Philippine Statistics Authority. On the other hand, the economic productivity in the second quarter was reflected at 5.6 percent.

Amidst the second term rumor of President Benigno Aquino III, the Philippine Economy skyrockets to 6.4 percent.

Amidst the second term rumor of President Benigno Aquino III, the Philippine Economy skyrockets to 6.4 percent.

In that same period, the Philippine economy was further propelled by the industry sector, alongside with the ever-flourishing agriculture and services facets of economic development. Their total revenues then has been equated with the total percentage of the Philippines’ Gross Domestic Product. Given this kind of a momentous achievement, President Aquino must not sit on his laurels prior to the end of his term. Instead, he must focus more on the following areas of concern. These are: The unemployment, inflation, criminality and all other economic gauges that remarkably measure the continuing economic progress of the Philippines. On a personal note, the Chief Executive should do away with graft and corruption for good.

Needless to say, an exceptional upsurge in the economy of this Southeast Asian country will only be wasted if this morally degrading behavior will not be curbed as soon as possible. Significantly, economic growth entails tax reduction but it has to be in relation to the kind of occupation a Filipino has. Remarkably, the President was able to prove that he will turn the Philippine economy with a 360-degree turnaround. In the final analysis, those Filipinos who are living below the poverty line should be able to feel that milestone in actual reality. After all, statistical figures are just numbers.

Category: News

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