Home > philippine economy, pulse asia, Uncategorized > Pulse Asia survey – the poor feel the economy is worse now than last year

Pulse Asia survey – the poor feel the economy is worse now than last year

the total country numbers are not very different in the june 2013 survey versus the previous survey, done in march 2013.  but the specifics of the numbers tell a different story in this latest Pulse Asia survey on how filipinos feel about the economy compared to last year.

just like previous survey held in march 2013, most of the respondents surveyed felt the economy is the same this year versus last year – 43% in june 2013 versus 42% in march 2013. there is a slight decrease in respondents, by -5% points who think the economy is better this year than previous year to 28% from 33%. consequently, a slight increase showed in respondents saying the economy is worse this year from previous – to 29% from 25%.

but the national picture is just half the story. going down to the details by area and socio-eco class is where the real story is.

in these numbers, the poor are saying the economy this year is worst than last year.

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source : https://docs.google.com/file/d/0B3b9qPFV1cRDUWlxQUxRN2E1Yzg/edit?pli=1

there is a drop in numbers for those who feel the economy is better than last year across all socio-eco classes – 37% to 30% for ABC; 35% to 30% for D and 28% to 20%.

that is consistent with an increase in numbers who feel the economy is worse than previous year  specifically among the poor – to 37% from 32% among the E and to 28% from 22% among the D. no change among the ABC at 22%.

looking at the areas, there is a very dramatic increase in the balance Luzon or provincial Luzon areas where it deteriorated to 24% from the previous 14%. areas outside metro manila or the NCR is where most of the poor reside.

there is not much to look at among those who think the economy has remained the same as the numbers are about the same in the latest survey versus the previous except for NCR where a huge jump occurred to 50% from 39%.

there were also dramatic drops in those who think the economy is better than previous year in NCR to 25% from 40%.

from a total country perspective, the number of those who think the economy is the same versus last year did not change but the number of those who think the economy is better dropped to 28% from 33% and consequently those who thought the economy is worse increased to 29% from 24%.

based on the numbers this more pessimistic view of the economy, those thinking it became worse that last year are coming from the poor, those who belong to the DE socio-eco classes who come from the provincial areas outside of NCR.

the rich and poor divide has always been the key issue in the philippines. these just underscores the fact that the country needs to do even much more to alleviate poverty with a specific target of getting the improving and impressive  GDP growth numbers benefiting much more the poor than the rich.

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