Economic Issues Of The Philippines – Washington. — The lead-up to Monday’s presidential election in the Philippines is focused more on personalities than issues, but a Gallup poll suggests the winner may still face many challenges. The economy has been hit hard by the new coronavirus infection.

Brief overview: The presidential election is a surprise for Filipinos, as current President Rodrigo Duterte has taken a tough approach to dealing with criminals in the country and has imposed long-term bans to curb the spread of crime. This will be the first opportunity to move away from his political illness. Duterte, who was elected in 2016, is not legally eligible for a second term.

Economic Issues Of The Philippines

Economic Issues Of The Philippines

Ferdinand Marcos Jr. in a crowded square. and Leni Robredo emerged as the previous two winners. Marcos, the son of former President Ferdinand Marcos, described his father’s tenure as a “golden era” in Philippine history. Robredo is currently the country’s vice president and has been a vocal critic of the current president.

Poverty In The Philippines: Causes, Constraints And Opportunities

Mr. Marcos and Mr. Robredo are isolated in their policy commitments, but Mr. Robredo has positioned himself as a candidate for change. Mr. Marcos, supported by President Duterte, signaled a return to the past.

Youth voting in elections can be very stressful. According to recent estimates, about 33 million of the Philippines’ 65 million registered voters are over the age of 30. It is important that candidates who want to win the presidency of this country apply to this political party.

Young people in the Philippines are less safe: Violence and theft in the country have decreased during the COVID-19 lockdown, according to reports and information from the Philippine National Police. With President Duterte in power in 2021, older Filipinos are safe to walk alone at night, but younger Filipinos are not so safe and remain the safest of all age groups.

About six in 10 Filipinos (57%) between the ages of 15 and 29 say it is safe to walk alone at night, the same as 56% who said the same in 2016. This number is 14 points lower than 71% of Filipinos aged 30 to 49 years. Young people aged -10 were 10 points lower in saying they felt safe than the 67% of people aged 50 and over who said the same.

Philippine Economy Seen Recovering In 2021, With Stronger Growth In 2022 — Adb

Filipino women have the lowest safety numbers among young people. Among women aged 15-29, a slight majority (51%) said it was safe to walk alone at night, compared to 65% of men in this age group. Gallup says women in this age group are less anxious than other women and Robredo is more likely to open up to them.

Filipinos of all ages are struggling to make ends meet. Although young Filipinos have less security, most Filipinos of all ages are struggling financially. As of 2019, the Philippine economy is one of the fastest growing economies in the world. The situation changed when the country fell into a recession caused by the coronavirus pandemic, which lasted until 2021.

On a country-by-country basis, the percentage of Filipinos who say it is difficult or very difficult to live on their current income increased by more than 11 percentage points across three age groups between 2019 and 2020. The gains continued in 2021, with Filipinos aged 50 and over are the most likely to say it is difficult to earn money (62%), followed by those aged 30 to 49 (58%). 15-29 year olds were least likely to say it was difficult (52%).

Economic Issues Of The Philippines

Trends: Security concerns and economic attitudes divide Filipinos young and old ahead of Monday’s presidential election. However, the significance of these differences in the polls is not clear. Robredo is said to have strong support among young Filipinos, while the Marcos camp appears poised to woo older members of society. The appeal of both candidates on these issues and how they have promised to address them could weigh heavily on the voting decisions of many Filipinos.

Adb Raises 2022 Growth Forecast For The Philippines

These results are based on multiple mobile phone interviews with approximately 4,000 Filipinos aged 15 and over each from June to November 2021.

For results based on the entire national sample of adults, the margin of sampling error is ±2.1 percentage points at the 95% confidence level.

The margin of error indicates the effect of data overload. In addition to sampling error, question wording and operational difficulties in conducting surveys can introduce error and bias into poll results.

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Hot Issues Filipinos Support, Leading Into The 2022 National Elections

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Economic Issues Of The Philippines

As of 2019, the Philippines is one of the fastest growing economies in the world. Amidst the economic collapse towards the end of the Ferdinand Marcos regime in the mid-1980s, he eventually sank into the reputation of the “dead man of Asia”. The country’s economy emerged in the decade before the pandemic after decades of restructuring, not to mention paying off debt that had spiraled out of control. With an annual growth of over 6% from 2010 to 2019 (estimated by the Philippine Statistics Authority’s 2018 constant GDP growth figures), the Philippines has been named Asia’s next reservoir economy.

Mid Year Ceo Survey

The wake-up call from the pandemic is that the growth model for services and finance is not very good during a global disease epidemic. Economic growth in the Philippines slowed in 2020, entering negative territory for the first time since 1999, the same year the country suffered one of the deepest recessions in the Association of Southeast Asian Nations (ASEAN) (Figure 1).

The government also expects the economic recovery to be modest in 2021, with some analysts predicting uncertainty and weakness due to the country’s prolonged lockdown and inability to shift to better conservation strategies. I’m worried about the recovery. The Philippines is relying on strict movement restrictions in large areas of the country’s cities and developing regions as the coronavirus pandemic continues to strain the country’s health system.

How weak is one of Asia’s fastest growing economies? It is easy to blame all this on the epidemic.

First, the Philippine economic model itself is vulnerable to disease outbreaks. It is built on human traffic, but increased tourism, services and remittances are all vulnerable to pandemic disruptions and declining consumer confidence. International travel is down, tourism is at a standstill and lockdowns and travel restrictions have crippled the retail, restaurant and hospitality industries. Fortunately, there are signs for the outsourcing (BPO) sector, but its main markets have been affected by the pandemic and the industry needs to act faster and face the challenges that will arise under the new regime.

The Philippine Food Security Challenge

Secondly, there is also the issue of epidemiological management. A government shutdown could help if it buys time to strengthen health and testing systems. These are the building blocks for the best treatment of the disease. But if countries fail to strengthen these systems, lockdowns will be a waste of time. This is the case in the Philippines, which made international headlines for implementing one of the world’s longest lockdowns during the pandemic, but failed to flatten the curve of COVID-19 infections. .

As of this writing, the Philippines is again facing a strict lockdown and scrambling to devise better mitigation strategies amid concerns about a delta-like infection spreading across Northeast Asia. Further closures or continued closures could cause significant damage to the economy and lead to a negative outlook for future COVID-19 outbreaks (Figure 2).

Figure 2 explains how the Philippine government has so far been able to avoid lockdowns to contain the rise of coronavirus infections in the country.

Economic Issues Of The Philippines

Figure 2: Social Isolation Practices During the COVID-19 Pandemic, National Capital Region of the Philippines (NCR), March 2020 to June 2021

Economic, Safety Issues Await Philippines’ Next President

Note: From most restrictive to least restrictive: Enhanced Community Quarantine (ECQ), ECQ* (similar to ECQ, but less restrictive), Modified Enhanced Community Quarantine (MECQ), MECQ* (same as MECQ, but less restrictive) . ), GCQ* (same as GCQ, but less restrictive), General Community Quarantine (GCQ). Sources: Philippine Department of Health, Rappler, CNN Philippines, ABS CBN News, Inquirer, Sunstar, PNA, cebudailynews.

If Delta and other variants pose an immediate threat, the country could return to strict vehicle regulations as a last resort if they cannot be properly contained. Currently, social transfers only happen twice a month (

) is offered

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