Predictions for the Philippine Economy in 2012

It’s been a roller coaster ride for the Philippines in 2011, but as we move into the new year, many Filipinos will still be wondering what 2012 has in store for them, specially their wallets. What about the SWS Survey that finds 95% of Filipinos “hopeful”? Will it be easier to find a job? Will they be able to buy a car or get a house? Here are my Top 6 predictions for the Philippines in 2012:
1. More Jobs…. Overseas
More jobs are being created overseas as the markets correct themselves – except in the Philippines.
2. Spending will increase… public spending
Filipino consumers will not have enough money to spend because their personal incomes will be heavily taxed so that GOVERNMENT SPENDING can be increased.
3. More Loans and Credit… By Government
4. No long-term solution to Poverty in the Philippines
Noynoy Aquino will offer his anti-corruption program and anti-trust legislation as a palliative. He will also use irrelevant statistics to paint a rosy picture of the low-trajectory Philippine economy.
5. Low Foreign Direct Investments to Continue
6. Low GDP Per Capita to Continue in the $3500-$3800 band.

To the year ahead 2012, best of luck Philippines.

source: AntiPinoy.com

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