BBM's Platform of Government

[dr. d]

when was the last time we had a trade surplus?
2006? 2007?

would anyone remember what was happening at that time?

[Yatta]

when was the last time we had a trade surplus?
2006? 2007?

would anyone remember what was happening at that time?

Not a Marcos was in charge?

[dr. d]

Not a Marcos was in charge?

no.
but in fairness,
non-marcoses were in charge, several terms before, and several terms after.

but seriously,
what was happening at that time, when we had a trade surplus?

[uls]

when was the last time we had a trade surplus?
2006? 2007?

would anyone remember what was happening at that time?

let's use a broader measure called the current account

a country's current account includes trade balance (usually the largest component), foreign investment, remittances, etc (basta ung pasok at labas ng pera)

usually may current account deficit ang pinas

pero noong 2020 nagkaroon ng malaking surplus



coz the lockdowns killed the economy

imports fell

since we barely imported anything $$$ didn't leave the country

remember ano level ng USDPHP in 2020/21?

went as low as 47

coz dami naipon dollars

-

pero as the economy reopened balik tayo sa deficit

balik ang imports with a vengeance

[kisshmet]

Not a Marcos was in charge?

because there was capital flight when marcos sr was in charge (martial law effect)

current capital flight also contributes to a weak peso

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[Ry_Tower]

because there was capital flight when marcos sr was in charge (martial law effect)

current capital flight also contributes to a weak peso

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Just look at our FDI in the past two decades or so. Less investment contributes to a weak economy and currency as well.

Top graph.

[dreamur]

Philippine Peso falling faster than other currencies in SE Asia.

I beg to disagree. The peso is not falling faster than other currencies in SEA because the peso is falling faster. It the because the other currencies in SEA are recovering fast.

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[dreamur]

no.
but in fairness,
non-marcoses were in charge, several terms before, and several terms after.

but seriously,
what was happening at that time, when we had a trade surplus?

For your reading pleasure doc.

https://www.google.com/amp/s/www.bwo...-aquino/%3famp

My gad, look at GDP growth and inflation rate! Totally the opposite of Marcos Sr!

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[dr. d]

For your reading pleasure doc.

https://www.google.com/amp/s/www.bwo...-aquino/%3famp

My gad, look at GDP growth and inflation rate! Totally the opposite of Marcos Sr!

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tahimik lang si pnoy, even as his administration generated good figures ?

[dreamur]

tahimik lang si pnoy, even as his administration generated good figures ?

Not really. But the dark side made sure to hide it from the 31M.

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