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Only 50% of Filipinos Are Optimistic That the Economy Will Improve

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Five in 10 Filipinos believe that the economy will improve over the next 12 months, results of a Social Weather Survey released Wednesday showed, as the country transitions to the "new normal."

Net optimism was at 44, an "excellent" level, and the highest since September 2016, SWS said. This was derived by subtracting the 7% who were pessimistic about economic recovery from the 51 percent who were optimistic.

The December 12 to 16 poll, taken before the omicron outbreak and subsequent removal of most COVID restrictions, showed that 30 percent believe the economy will remain the same.

Net optimism continued to recover from a "mediocre" -9 in July 2020, -5 in September 2020, and a "high" +24 in November 2020, SWS said.

According to SWS, optimism that the economy will improve in the next 12 months rose in all areas of the Philippinesthe highest of which is in Balance Luzon.

Nearly all areas in the Philippines have been placed under Alert Level 1the most relaxed set of COVID-19 restrictions where children are allowed outdoors and all businesses are allowed to operate at full capacity.

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From: Reportr.world.

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Arianne Merez for Reportr
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