PH is now Asia's strongest-performing economy, says expert

[bleedingboi]

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Michael Spencer is an expert. One of the greatest minds in asian economy, no doubt about it. His numbers can be true, our exports have grown, GDP is going good.

But note: In politics and Economy, numbers can tell lies and can be very deceptive.

An economist can see good numbers, but the rural and urban scenes could be different. Living conditions still has not changed. Poverty, unemployment, lack of healthcare and corruption are like rusty iron fences painted with gold.

These are things one Economy expert (who's based in Hong Kong not RP), will never get to enocunter and assess.

[SioDenz]

Michael Spencer is an expert. One of the greatest minds in asian economy, no doubt about it. His numbers can be true, our exports have grown, GDP is going good.

But note: In politics and Economy, numbers can tell lies and can be very deceptive.

An economist can see good numbers, but the rural and urban scenes could be different. Living conditions still has not changed. Poverty, unemployment, lack of healthcare and corruption are like rusty iron fences painted with gold.

These are things one Economy expert (who's based in Hong Kong not RP), will never get to enocunter and assess.

But its how experts gauge the economy on all countries around the world, right? so whats your point?
Plus It did Not say nga strong economy means nasulbad na ang poverty, naa bah?
Its just that mao nay ilang Gibasehan sa ilang analysis ug wala man cguroy Standard ana dapat sundon.

If dili tah mu uyun sa lang gibasehan, pwedi man cguro tah mag publish ug atung Expert analysis based on the Point you've mentioned.

[KlaytoN]

An economist can see good numbers, but the rural and urban scenes could be different. Living conditions still has not changed. Poverty, unemployment, lack of healthcare and corruption are like rusty iron fences painted with gold.

These are things one Economy expert (who's based in Hong Kong not RP), will never get to enocunter and assess.

On the other hand if we let a local based economy expert do the talking, many people here will automatically suspect bias and partial to one side..

However if we see a general consensus between the local and foreign based economists about our economy, i don't know what else to say...

Plus It did Not say nga strong economy means nasulbad na ang poverty, naa bah?
Its just that mao nay ilang Gibasehan sa ilang analysis ug wala man cguroy Standard ana dapat sundon.

Sio, pls let me add that poverty alleviation and upliftng the living conditions of each and every poor individual Filipino does not happen overnight. In China, millions are still living the same condition as with many pinoys. I happened to work in a BPO that handles credit card collections for GE and finance care for Sprint and T-Mobile, all are US based companies. It really changed my perception about the US as the land of milk and honey. I have encountered customers who can't even afford to pay $20 for their credit card or make financial arrangement for a $50 past due balance of their cellphone account!

[KlaytoN]

This is the video clip of Bloomberg's interview with Michael Spencer:

Philippines `Strongest' Economy in Asia - Businessweek

[PaYaSo]

well this is good news. i hope in due time it will be reflected in our society not just on papers.

OT: i find that guy with the red shirt so gay

[g0dmenuelz]

oohh really.

[jack_bauer]

This "expert" is a big fail. In the same article, it says China at 8.1 percent growth is the best performing economy. But then the title says the Philippines is the strongest performing economy in Asia. Last I checked both China and the Philippines are in Asia. If China has growth of 8.1 percent and the Philippines has growth of 6.4 percent how did this expert conclude that we are the best performing economy in Asia? Maybe he meant best improved economy.

in terms of growth Philippines is second only to China.. but in terms of fundamentals, Philippines is the best performing economy as of the time being..

[jack_bauer]

Yep it's really true that the Philippines is 1 of the strongest economy in Asia bec we Pinoys are the 1 making it happen bec we spent are hard earn money into the market by buying goods so naturally business here will grow unlike in other countries where people are very frugal&spent there money wisely by investing or putting it in the Banks!How many pinoys invest or save there money in the Banking systemIn the latest Central Bank survey only at least 20% of the population way below standards but that's understandable since many pinoys 70% are living below the poverty line so how can they??Iin this country the richer are getting richer&the poor are getting poorer unless the % of those people living below the poverty line will decrease there so called gains in our economy will be just a political pogi points for the incumbent government.........

US is a consumer economy.. how would you reconcile that with your statement.. do you mean to say, they do more saving than spending?
... you seemed to forget the many bubbles they had..

[bleedingboi]

But its how experts gauge the economy on all countries around the world, right? so whats your point?
Plus It did Not say nga strong economy means nasulbad na ang poverty, naa bah?
Its just that mao nay ilang Gibasehan sa ilang analysis ug wala man cguroy Standard ana dapat sundon.

If dili tah mu uyun sa lang gibasehan, pwedi man cguro tah mag publish ug atung Expert analysis based on the Point you've mentioned.

What's my point? Didn't I just stated it?

" In politics and Economy, numbers can tell lies and can be very deceptive. "

[salbahis]

OT: i just love watching people arguing on economics mawala ako duka....