Duterte’s 2020 crash beats Marcos’ 1984 crisis : PH is worst performing among ASEAN’s Big 4 – IS IT TRUE?

The Philippines fell off a cliff in the second quarter as the world’s longest and most rigid lockdown choked the economy to its worst performance since the darks years of the Marcos administration. “Gross domestic product declined by 16.5 percent in the second quarter of 2020. This is the lowest reported quarterly growth starting in the 1981 series,” said National Statistician Claire Dennis Mapa in a briefing on August 6.

She said this was “partly because of the lockdown. You’re seeing drop in the sectors. We’re seeing that because of the April, May lockdown.” Almost all economic activity grounded to a halt as President Rodrigo Duterte and his military-led anti-COVID task force Metro Manila and Luzon. This is the second negative growth of the GDP after the economy dropped .7 percent in the first quarter. Overall, the economy nosedived by nine percent. The steep economic drop in the last three months is worse erased the previous record of minus 107 percent in the third quarter of 1984 when the country was embroiled in political uncertainty, soaring inflation, and a debt crisis.

The Philippines is also the worst among the major economies in Southeast Asia based on second quarter GDP: Bilyonaryo

1) Philippines -16.5% 2) Singapore -12.6% 3) Indonesia -1.8% 4) Thailand -.3% 5) Malaysia -.2%6) Vietnam +.4%

KEY TAKEAWAYS

  • Stay away from speculative stocks
  • Stick to good future earning companies – i.e. ALI, ACEPH, DD, SM, PCOR and many
  • Remember Stock Market is not get rich quick but rather is a an investment that grows gradually and compounded Dividends can be significant.

WHAT HAPPENED TO PSEI AFTER THIS NEWS?

The market went sideways but more towards downside – we believe the market will still take more downside – as Airlines & Holding Companies will take more punches as the earning falls

WHAT ABOUT SP500, GOLD, DOW & OIL?

KEY TAKEAWAYS

  • Stick to good assets and not speculative
  • Always diversify in different sector and not in one sector; TECHNOLOGY, SERVICE SECTOR & CYCLIC be good for now.
  • Join our group and learn as you grow – https://www.facebook.com/mang.mateo

FINWAZE TEAM – MANG MATEO

20 Comments
  1. storno brzinol 5 months ago

    F*ckin’ remarkable things here. I’m very glad to see your post. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a mail?

  2. Denteka 5 months ago

    Thank you for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such excellent information being shared freely out there.

  3. Very wonderful visual appeal on this site, I’d value it 10 10.

  4. but web hosting 3 months ago

    Keep on writing, great job!

  5. t.co 3 months ago

    Nice post. I was checking continuously this blog and I’m impressed!
    Very helpful info particularly the last part 🙂 I care for such information a lot.
    I was seeking this particular information for a long time.
    Thank you and best of luck.

  6. t.co 3 months ago

    Hello there! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone.
    I’m trying to find a template or plugin that might be able to fix this problem.
    If you have any recommendations, please share.

    Thank you!

  7. your scoliosis surgery 3 months ago

    I have been exploring for a bit for any high quality articles or
    blog posts on this sort of house . Exploring in Yahoo
    I ultimately stumbled upon this website. Reading this info So i
    am glad to convey that I have a very just right uncanny feeling I found out exactly what I
    needed. I such a lot unquestionably will make sure to don?t put out of your mind this
    website and provides it a glance on a continuing basis.

  8. bitly.com 3 months ago

    It’s amazing to pay a visit this web site and reading
    the views of all colleagues concerning this article, while I am also zealous of getting experience.

  9. asmr but 3 months ago

    Hi! I could have sworn I’ve visited this web site before but after browsing through a few of the articles
    I realized it’s new to me. Anyhow, I’m certainly happy I stumbled upon it and I’ll be book-marking it and checking back frequently!

  10. http://j.mp/ 3 months ago

    Hello just wanted to give you a brief heads up
    and let you know a few of the images aren’t loading properly.
    I’m not sure why but I think its a linking issue.

    I’ve tried it in two different web browsers and both show
    the same outcome.

  11. an asmr 3 months ago

    Hi, Neat post. There’s a problem with your website in web explorer,
    could check this? IE nonetheless is the market leader
    and a huge part of other people will leave out your magnificent writing because
    of this problem.

  12. of scoliosis surgery 3 months ago

    Pretty! This has been a really wonderful post. Thanks
    for supplying this info.

  13. their quest bars 3 months ago

    These are actually great ideas in concerning blogging.
    You have touched some fastidious factors here. Any way keep up wrinting.
    quest bars http://j.mp/3C2tkMR quest bars

  14. app.gumroad.com 3 months ago

    Hello, i believe that i saw you visited my weblog thus
    i came to return the prefer?.I am attempting to in finding things to
    improve my website!I suppose its good enough to make use of
    some of your concepts!! asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  15. Thanks for the good writeup. It in truth used to be a entertainment account it.
    Look advanced to more brought agreeable from you! By the way, how
    can we communicate? scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  16. http://bit.ly 3 months ago

    Hi to all, how is all, I think every one is getting more from this site, and your views are fastidious
    designed for new viewers. cheap flights http://1704milesapart.tumblr.com/ cheap flights

  17. Hi there everyone, it’s my first pay a visit at this site, and piece of writing is in fact fruitful for me, keep up
    posting these posts. quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

  18. j.mp 3 months ago

    You could definitely see your enthusiasm in the work you write.
    The arena hopes for more passionate writers such as you who are not afraid to mention how they believe.
    All the time go after your heart. scoliosis surgery https://0401mm.tumblr.com/ scoliosis
    surgery

  19. you have a great blog here! would you like to make some invite posts on my blog?

  20. their ps4 games 1 month ago

    Hello my friend! I wish to say that this article is amazing, great written and come with approximately all
    vital infos. I’d like to look more posts like this .

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?