46 percent of Filipinos think the economy will improve, according to a poll

Inflation in the Philippines may have risen by 6.1 percent in June — something President Ferdinand “Bong Bong” Marcos Jr. didn’t believe — but 46 percent of Filipinos are optimistic that the economy will improve, according to Social Weather Stations (SWS). ) Exploratory study.

The SWS quarterly nationwide survey showed that optimists about the country’s economic recovery said they believe the economy will be better in the next 12 months. Meanwhile, 28 percent said the economy would stay the same while 6 percent said it would deteriorate.

The survey was conducted from April 19 to 27 and included 1,440 participants.

The same survey also found that more Filipinos were excited about their quality of life in the next 12 months – 44 percent said it would get better, 39 percent said it would stay the same, 4 percent thought it could get worse, while 13 percent They said it would get better. did not answer.

Interestingly, the April survey also found that 43 percent of Filipino families rated themselves as poor, 34 percent as poor, while 23 percent said they were not poor.

According to SWS, the net optimism result was the proportion of economic optimists minus the proportion of economic pessimists +40, which the survey company rated as “excellent.”

The results come as some economists have warned that the Philippines should prepare for a “second round of inflationary effects” that could come with higher transportation costs and other consumer prices.

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