Philippine Economy Talk

[dreamur]

Totoo!

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Deym, condolence bai. Malapit na rin makukulong ang master mind ng kill, kill, kill.

[Monseratto]

Stagflation continues...

[uls]

Stagflation continues...

normally kasi when your economy is weak you'd have downward price pressure (disinflation / deflation)

when consumer demand is weak, mahina ang sales ng businesses so they'll lower prices para magkaroon ng benta

that's deflationary... it's good for consumers but bad coz the economy as a whole coz it means less money going around

when businesses lower prices they see profit margin drop or break even or even lose money

di magtatagal they'll lay off workers and close

in a deflationary environment, consumers may even hold back spending waiting for prices to fall further

-

PERO ITONG NANGYAYARI SA PINAS IBA

mahina ang economy but prices are rising

kaya STAGFLATION

stagnant economy with rising prices

[uls]

pero hindi daw stagflation

article from a month ago:

[ice15]

sad state of the Philippine economy (pre-Covid) compared to our neighbors.

Philippines Faces Staggering Road to Recovery as Southeast Asia’s Most Tourism-Dependent Destination | Skift

The country, despite being one of the earliest tourism players in the region and blessed with beautiful beaches and unique culture, has never managed to rub shoulders with neighbors that have grown arrivals to massive levels. Top on the list is Thailand, with 40 million arrivals in 2019, followed by Malaysia with 26 million and Singapore, 19 million. But the Philippines drew just eight million arrivals while Vietnam, a relative newcomer, passed the 18 millionth visitor mark.

Tourism accounts for a quarter of its gross domestic product (GDP), compared with 20 percent for Thailand and 6 percent for Indonesia, according to tourism consultancy Pear Anderson.

[Monseratto]

Official rate... not including all those OFWs who have returned.