Philippine Economy Talk

[uls]

hehe

nag meeting ang Fed last week

they said US economic growth is accelerating, unemployment rate is falling, and there's upward pressure on prices (inflation)

since mukhang ok na ang US economy the market is anticipating the Fed will slowly withdraw support kaya lumakas ang dollar

background: in response to the pandemic the Fed lowered interest rates to zero and provided tons of liquidity to banks to support the economy -- that caused to dollar to fall

if the Fed pulls support the dollar will strengthen

yan ang reaction ng market

[c_cube]

hehe

nag meeting ang Fed last week

they said US economic growth is accelerating, unemployment rate is falling, and there's upward pressure on prices (inflation)

since mukhang ok na ang US economy the market is anticipating the Fed will slowly withdraw support kaya lumakas ang dollar

background: in response to the pandemic the Fed lowered interest rates to zero and provided tons of liquidity to banks to support the economy -- that caused to dollar to fall

if the Fed pulls support the dollar will strengthen

yan ang reaction ng market

Aaahhhhh... Salamat.

Sana huminto na pagbaba, wala na ngang bumababa dito eh, panty nalang [emoji23]

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[Monseratto]

We are much worst off than Indonesia's economy...

Indonesia left with few options as Covid-19 surge hits economy, Economy News & Top Stories - The Straits Times

hehe

nag meeting ang Fed last week

they said US economic growth is accelerating, unemployment rate is falling, and there's upward pressure on prices (inflation)

since mukhang ok na ang US economy the market is anticipating the Fed will slowly withdraw support kaya lumakas ang dollar

background: in response to the pandemic the Fed lowered interest rates to zero and provided tons of liquidity to banks to support the economy -- that caused to dollar to fall

if the Fed pulls support the dollar will strengthen

yan ang reaction ng market

[uls]

even with the strong peso domestic prices of basic goods keep rising due to higher commodities prices in international markets

as the dollar strengthens it will put more upward pressure on domestic prices (higher import cost)

[kisshmet]

^That's correct increase in international commodities plus the increase in delivery cost of all commodities when it reach our market due to additional excise tax on fuel (TRAIN LAW) results in SOBRANG MAHAL

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[Ry_Tower]

Mahina lang talaga economy natin kaya ganyan hehe. Mas tinamaan tayo deu to the pandemic vs. our neighbors.

[uls]

consumption driven ang economy natin the long lockdown caused a lot of job loss / income loss

la pera bagsak consumer spending bagsak buong economy

[c_cube]

HOORRAAHHHH!! sa mga OFW

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[uls]

humina PHP

lumakas ang demand for dollars

more imports as economic activity returns

+ importing is now more expensive coz of container van shortage (mas mataas ang shipping cost)

+ higher oil prices (you need more dollars to purchase the same amount of oil/products)

[c_cube]

humina PHP

lumakas ang demand for dollars

more imports as economic activity returns

+ importing is now more expensive coz of container van shortage (mas mataas ang shipping cost)

+ higher oil prices (you need more dollars to purchase the same amount of oil/products)

So ang trend sa ngayon, pababa parij ang PHP

Iyak nanaman ang importer, pasa sa consumer ulit

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