Philippines' Q4 GDP negatively affected by floods

게시됨 2024년 12월 2일

Tridge 요약

The Philippines is facing significant economic challenges due to the impact of typhoons on its agricultural sector, which accounts for 10% of its GDP. Secretaries from the National Economic Development Authority (NEDA) predict that the damage will be similar to that caused by El Nino, with high-value crops being particularly vulnerable. The country targets an annual growth of 6% to 7% by 2028, but typhoons have hindered this goal. In 2022, the government set a target of 5.6% growth, which was surpassed with 7.6% growth in 2022 and 5.6% in 2023, but typhoons have caused significant damage to the economy and agricultural sector, with the potential to affect over 10 million people, as reported by the World Food Programme. Despite these challenges, the government identifies the job market, remittances, and slow inflation as potential support for achieving the targeted growth in the fourth quarter.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

“We cannot control the typhoons. Unfortunately, they hit the Philippines one after another. The impact on the agricultural GDP is huge,” Arsenio Balisacan, secretary of the National Economic Development Authority (NEDA), told Nikkei Asia. The Philippines will be hit by typhoons by the end of 2024 - Photo: The Hindu NEDA is the agency responsible for planning and formulating economic policies. Agriculture currently accounts for 10% of the Philippines’ GDP. Balisacan predicted that the damage caused by typhoons to the economy will be similar to that caused by El Nino weather from July to September. High-value crops are highly vulnerable to weather. The Philippines produces a wide variety of tropical fruits, as well as many agricultural products important for domestic consumption. Examples include bananas, mangoes, onions, corn, cocoa and durian. In the third quarter of 2024, the Philippines' GDP grew by 5.2%, slowing from 6.4% in the previous quarter, due to the devastation ...
출처: Voh

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.