Malacañang lauded yesterday the “very high” personal optimism of the Filipinos in the next 12 months.
“We share our people’s high level of optimism that is based on the shared belief that our country is well on the path of sustainable, long term and inclusive growth,” Presidential Communications
Operations Office (PCOO) Secretary Herminio Coloma, Jr. said.
The latest Social Weather Stations (SWS) survey results showed more Filipinos are optimistic that the country’s economy will improve in the coming months.
In the SWS nationwide survey conducted last September 26-29 among 1,200 respondents, 30 percent were optimistic that the Philippine economy in the next 12 months would get better, while 19 percent or those pessimistic believe that it would deteriorate.
This brings the net optimism of Filipinos about the economy to “very high” +11 (percentage of optimistic minus percentage of pessimistic). Net economic optimism of at least +10 is classified by SWS as “very high”; +1 to +9 as “high”; zero to -9 as “fair”; -10 to -19, “mediocre”; -20 to -20, “low”; and -30 and below as “very low.”
Net optimism about the economy refers to expectations about the Philippine economy in general, and is different from net personal optimism, which refers to expectations in personal quality of life.
SWS noted that the latest net economic optimism is higher than the “high” +2 (26 percent optimistic, 24 percent pessimistic) net score recorded three months earlier.
SWS attributed the higher net economic score from the improved optimism among Filipinos across geographic areas, except in the Visayas, and across socio-economic classes.
Net economic optimism was up by nine points to +5 from -14 in Metro Manila, higher by 10 points from -1 to +11 in the rest of Luzon, and up by five points from +7 to +12 in Mindanao.
Meanwhile, net economic score in the Visayas stayed at +13.
By socioeconomic class, net optimism about the economy improved to +14 from +3 three months earlier in the upper-to-middle class ABC.
It also rose to +14 among those in the poorest class E, up by eight points from a +6 previously.
Net optimism about the economy is also up eight points to +9 from +1 among the “masa” or class D.
Coloma said surveys are important as these are an indication of how the Filipinos view the administration’s governance.
“This belief is in turn anchored on the support for President Aquino’s good governance platform and the reform initiatives under the Philippine Development Plan,” he added.
source: Manila Bulletin
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