Ekonomiya ng bansa, lumago sa 5.6% nitong 2024 sa kabila ng iba’t ibang hamon ayon PSA;

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Ekonomiya ng bansa, lumago sa 5.6% nitong 2024 sa kabila ng iba’t ibang hamon ayon PSA;   Pilipinas, '3rd fastest growing economy' sa Asya ayon sa NEDA  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

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00:00Despite the calamities and outbursts, the economy of the Philippines is still doing well,

00:10not only in the last part of the year, but in the whole of 2024.

00:15In fact, the Philippines is still one of the top fastest-growing economies in Asia.

00:21Christian Bascones is in the center of the news.

00:26The economy of the country became stable at the end of 2024,

00:31according to the data released by the Philippine Statistics Authority.

00:34Although it was low compared to the fourth quarter gross domestic product or GDP of 2023,

00:40which was 5.5%,

00:43the GDP of 2024 was still stable in the third and fourth quarter,

00:47which was also 5.2%.

00:50In the whole year, the country had a GDP growth rate of 5.6%.

00:55The wholesale and retail trade, motor vehicles and motorcycles repair, which was 5.5%,

01:068.5% came from financial and insurance aspects,

01:10and 7.8% came from construction and infrastructure.

01:15In the third quarter of last year,

01:17the country's GDP growth rate in the education sector increased from 2.6% to 4.1%.

01:26From 2.8%, it increased to 3% for manufacturing,

01:31while 9.1% from 8.8% for financial and insurance activities.

01:39The country's gross national income or GNI remained at 6.8% in the third quarter of 2024

01:46due to many difficulties that the country experienced in 2024,

01:50such as calamities, which is why the country's economy is struggling.

01:55According to Policy and Planning Undersecretary of the National Economic and Development Authority,

02:01Rosemary G. Erilon,

02:03the government is focused on fighting the economy this year

02:07through stronger policies and exports.

02:11Just to clarify, it didn't go down, right?

02:15Because the growth wasn't negative, it was still positive,

02:18okay?

02:19That's why there was moderation.

02:21Meanwhile, the economy of the Philippines is still strong compared to other countries throughout Asia.

02:29Kristan Basconesa for Pampansang TV in the new Philippines.

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