Topic: Philippines will drop as a Country, Economy on its worst! - page 3. (Read 787 times)

Globally were facing economic crisis and this is the worse scenario we're suffering.  I agree with you only the vaccine can gives us hope and can resolve this problem. Others are begging for the food to eat for their family. The Philippines is in the worst economic status and even the government cannot provide help for the people.

Vaccine is the only solution from the world is eagerly waiting for, at the present almost every country has been running out of money. Very few number of Governments operating with perfect plans facilitating the need of common people. The vaccine takes time to reach the usage, already so many were under testing. Let's hope and pray for the fastest recovery and destruction of covid-19 virus all around.

We really can't rely on our government too much. Places are crowded, population is high, unruly citizens, we're pretty messed up ourselves as a citizen. There are even cases here where some people are trying to hide covid victims which infected more people.


Printing more money just leads to higher inflation, meaning less value for peso which will worsen the economy of the Philippines. As of now, we are barely holding on with the current value of our money. We can only hope for the best during this time and wait for a vaccine.
 

if you give everybody money....then money has no value!
people have to work for the money

i'm sure there's funds because he can just ask to print a lot of money. he can even pay millions to those who can create vaccines. probably the reason why he says there is no money is because he doesn't want people to rely on the stimulus package from the government.

it all depend to the one shouting, when they liberals were in the position they kept demanding to unite each other. now that they are the ones in the opposition, you can't hear them saying unity.

The Philippine economy is getting so bad because of the effects of the virus. No one can enjoy their own freedom. Everyone is spending their days in crisis. In order to overcome this crisis in the Philippines, we must try to prevent the disease. Everyone must be aware and the government must provide free medical care. No one is providing help but the political leaders are enjoying everything they want from government funds so the economy has to go down further.

Following up on this. The result is out and its worst than anyone has expected. GDP shrank down to 16.5% for the second quarter of 2020 and that means Philippines officially entered into a recession. This is a direct result of the strict and long lockdown the Government implemented in the past months. I just want to emphasize this - Philippines was one of the earliest to impose lockdown and the latest to lift it. That means the Government prioritized the health concerns in the first two months notwithstanding its economic impact.

Previous projections are now out of the window and our economic managers revised their estimates. According to them, the country's economy is expected to shrink 5.5% this year (initial projection was 2% to 3.4% decline).

Not that I'm entirely surprised since everyone expected a further decline from Q1. The third quarter marks the period of "economic rebound" with the slow reopening of businesses but this recovery phase slowed down again with another two-week lockdown in the National Capital Region (NCR).

In response to criticisms about the Government not having a plan to handle the COVID-19 pandemic, this is not actually true. It's been there since March (start of lockdown) and its been laid down in the National Action Plan (NAP). There are four phases and we are currently in phase two.

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I'm hoping this thread would not be derailed even more and turn into a Politics & Society type of discussion.

Old same ways, every government keeps blaming the previous government before them.
not new anymore if you notice it.


This people are not concerned in helping to resolve the problem but to add more, those
people are prone to spread and be infect of this virus.



Survival of the fittest for every Filipinos since the government already declaring this statement.


Maybe it's better not to watch news anymore and try to continue surviving your life in every
means and ways that you can get.

My friend, I frankly Sympathize with you. I live in Ukraine and have always admired the development of the Philippines economy and the standard of living of the citizens of your country. Our economic situation is much worse, but the only thing that does not require explanation is that the blame for the poor state of the country lies with the not professional government, not the head of state. The head of state is not always able to influence various spheres of the country's leadership. Your problems due to coronavirus are compounded as your country is densely populated and therefore the spread of the virus is so high. In my opinion, in order to avoid problems for citizens and for the economy, it is necessary to introduce adaptive quarantine, where people could continue to work, but at the same time made minimal contact with each other. In addition, I am confident that your economy will return to its previous indicators thanks to the tough work of Rodrigo Duterte. If the president has allowed the army and police to shoot quarantine violators, he will be able to shoot corruptionists or non-professional officials who harm the citizens and the economy of the country in the same way.

Yeah. To be honest, most of the people right now can't do some rally like they used to not just because of the pandemic that is happening right now but also because of this bill. The only way to express theirselves is through social medias which might be considered a terrorist act in some weeks.

You got it. Instead of focusing on the main problem of the country, government officials are busy blaming each other and the president about the previous and current issues that we are facing now, there's no unity. Some people are even busy going on rally to protest resulting to increase of the infected. According to the president there's no budget anymore to give the people cash aid or relief goods, so what will happen to us now if this situation continue? Plus corrupt officials are still existing like the issue on philhealth agency, its really frustrating to watch news on tv about these negative issues.

then look at the australia melbourne there is even worst 

So Filipinos will not be given the freedom of Speech anymore? But talking about this on social media is not going to change anything as well because every country in the process of recovering their own country so it all depends on the people and how they are going to utilize the resources they are having.

Here's why we can't really do that.

The government already passed a bill called the anti-terror bill. And right now, they are talking about regulation into social medias and platforms like YouTube. That means when we talk against the government in the social media, we will be considered a terrorist. That is why a lot of people are really against it.

Well said mate blaming this economic slowdown only in the government officials in not really a good idea so I beg to disagree on some point of OP here if he is currently residing in the city like manila,makati, mandaluyong, qc which is a populated areas he will see the reality on how hard headed most of the people on those places like for example in my location in the middle of lockdown our neighbors celebrated birthday party with matching drinking session which is strictly prohibited by the government..see? who's to blame? IMO,lack of discipline is one of the most obvious reason why covid cases spreading fast in our country.

try to contact with the outside media make videos and show to the world what is going on.
we dont live cave age the things are publick and people talk about things only then the things can be changed.

the officials in this country are the worse, there isn't unity here. this is why this pandemic has to be taken advantage of the ruling administration to settle things. if it has to declare martial law for the entire nation to act as one it would be better.  this kind of government has been around for more than 4 decades and nothing new had happen. there i no better time to fix all these divided people unless they'd fix it now while there is pandemic so that none can oppose.

do you know who these people who are opposing the developments in this country, they are not even Filipinos. AYALAs are not Filipinos, Lopezes are not Filipinos. but certainly they hold these politicians by their necks to shout against the current administration.

what the government needs to take back to run the economy are the:

ENERGY (MERALCO)
WATER  
Telecommunication
HEALTH system

IF ALL THESE ARE OWNED BY Private individuals like the Ayalas and Lopez Family and few families who actually govern this nation, the country is bound to be doomed.

I don't think it is your country that has experienced it, like what you said. because all countries that are experiencing a pandemic also experience it. there is a lot of miscommunication among government officials over the handling of a pandemic, because it can happen because many state officials are still indifidual, due to their inherent political interests.

after being a public official, they should let go of the party's inherent attributes and focus more on the community, because after becoming an official they already belong to the public no longer from which party he is in. but sometimes it is still difficult to separate public officials from party members.

First of all I would like to say that the country itself is amazing , their tradition , the people, I have been there and it was really good but unfortunately the corruption is killing the hope the common people has.
Philippines does attract a lot of students too , due to coronavirus unfortunately there is :
- No strategical planning by the government
- Poverty And low economic situation is dire , you cannot expect people to follow rules in situations where the population is so much and poverty is so defined

I have heard cases of people who are living on the airport too.



- This was a statement made by an official , how do you expect the country to get out of this crisis unharmed if you won't care about the people ?

What the people needs are :
-Jobs
-fair wages

Over excessive restrictions won't make the situation right suddenly. Honestly many of my friends are studying there even now and am worried about them .I do hope all the countries are able to become stable soon.

It is the lack of individual's discipline that make the increase of covid-19 cases more severe.  Government can implement rules, they have the idea but the individual  are still the one to decide whether to follow them or not.  A simple social distancing were not been followed.  Even if the government are too corrupted if the individual follow the said guidelines to prevent the spread of the virus by themselves, we will see less transfers of the virus for sure.

We go out whining about the government incapabilities, the question is, are we doing our part to lessen the spread of the disease?  I bet many of us will say yes but majority are simply lying.

As of the economy, almost all nations affected by the pandemic are on its worst, but the thing that Philippine Peso is going strong against the US dollar simply indicates that our economy isn't that worst as the OP thought.