HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • 66% of Filipinos don’t feel
    impact of economic growth
     
    By Recto Mercene

    Reporter

    PULSE Asia’s latest survey, Ulat ng Bayan, shows that across the nation, most Filipinos, comprising 66 percent, feel that the economy is in a worse state now than it was three years ago.

    Pulse Asia (PA) released its survey Monday, saying that two of every three Filipinos believed that the state of the country’s economy has worsened since 2005.

    The survey group said this sentiment was shared by considerable to big majorities (61 percent to 74 percent) across geographic areas and socioeconomic classes.

    “In contrast, only 11 percent of Filipinos believe that the present economic situation is better now than in 2005, while about a quarter [23 percent] says there has been no change, positive or negative, in the state of the country’s economy between 2005 and today.”

    According to PA, these views are articulated by nearly the same percentages of respondents across geographic and socioeconomic subgroupings.

    Among the majority saying the national economy has deteriorated in the past three years, 75 percent said they strongly felt this deterioration in their own lives, expressed among all socioeconomic classes and by big majorities across geographic areas from 70 percent in Mindanao to 85 percent in the Visayas.

    On the other hand, only 4 percent said this deterioration in the national economy did not have any impact on their personal situation, while 22 percent felt that the worsening of the country’s economy had some effect on their own.

    In the case of those who believe that the Philippine economy improved between 2005 and the present, a small majority (56 percent) said they somewhat felt this improvement in their own lives—a sentiment shared by considerable majorities (60 percent to 66 percent) across almost all geographic areas (Mindanao being the exception) and most prominently in the D class (66 percent).

    In contrast, almost the same percentages say either they did not feel or they strongly felt (24 percent versus 20 percent) the effect of this economic growth on their personal situation.

    A big plurality (43 percent) of those in Mindanao reports having strongly felt the improvement in the national economy; while public opinion among respondents belonging to the better-off Class ABC and the poorest Class E is essentially divided.

    The survey is based on how people felt the economy has progressed from 2005 to March 2008 called the State of the National Economy and Filipinos Quality of Life; with a probability sample of 1,200 respondents 18 years old and above, and a margin of error of plus or minus 3 percent at the 95-percent confidence level.

    Subnational estimates for each of the geographic areas covered in the survey (Metro Manila, the rest of Luzon, Visayas and Mindanao) have a plus or minus 6 percent margin of error, also at 95 percent confidence level.

    Pulse Asia said face-to-face field interviews for this project were conducted from February 21 to March 8, 2008.

    While the survey was being undertaken, several major developments were hogging the headlines: the continuing Senate investigation into the ZTE-NBN issue, the various protest actions calling for President Arroyo to step down from office and the divided stance of the Catholic Bishops’ Conference of the Philippines on the issue of presidential resignation.

    Also dominating the headlines were President Arroyo’s admission that she knew the problems surrounding the ZTE-NBN deal prior to the signing of the supply contract, the 22nd commemoration of the Edsa People Power 1, the Senate testimony of another witness linking the First Couple to the ZTE-NBN controversy and the big anti-Arroyo rally in Makati on February 29.

    Pulse Asia noted that the newspapers also carried major stories related to the campus tour of whistle-blower engineer Rodolfo Lozada Jr. in  Metro Manila; the Senate rejection of the Supreme Court’s compromise proposal regarding former Neda chairman Romulo Neri’s petition on the executive privilege; the scrapping of EO 464; the controversial joint exploration deal between the Philippines, China and Vietnam; and the increase in the prices of oil and other basic goods.

    OTHER STORIES

    Oil prices may fuel inflation


    GMA touts 17% revenue hike, reforms


    Power shortage in Visayas seen


    ‘Disappeared’ rice probed


    Debate on rice-tariff cut rages


    66% of Filipinos don’t feel impact of economic growth


    External debt up to $55B in 2007: BSP


    Future of tourism: Health-tels, online access


    SMB budgets on ICT seen to hit $3B