Women’s group slams report on PH GDP’s 8.3% growth rate

Published May 14, 2022, 4:09 PM

by Charie Mae F. Abarca

Gabriela Women’s Partylist, on Saturday, May 14, slammed a report on the apparent 8.3 percent growth of the Philippine gross domestic product (GDP) in the first quarter of 2022.

(Gabriela Women’s Partylist / Facebook)

An increasing GDP indicates that a country’s economy is growing. However, Gabriela Partylist claimed otherwise, adding that the report “does not hold any significance” to Filipinos, especially most women who remain subjected to low-paying jobs.

“The ‘higher than expected’ GDP growth rate during the first quarter [of the year] does not amount to excellent economic management of [President Rodrigo] Duterte and his economic managers,” said the women’s group in a press statement.

The group then claimed that the growth was “boosted by private consumption, election spending, as well as loosened restrictions.” It likewise questioned whether the supposed growth will be sustained with the expected changes in the next administration.

Meanwhile, in the same period last year, economists reported that the country’s GDP growth was at -3.9 percent.

 
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