00:00The country's economy grew by 5.6% in 2024, but that's not enough for the government's target.
00:08An economist said that this means that more Filipinos are getting hungry.
00:15Maki Pulido was the one who pointed it out.
00:20Even if the target growth rate or economic growth is lowered from 6.5% to 6% for 2024,
00:27the government will still struggle to reach it.
00:30The country's economy grew by 5.6% in 2024, but that's not enough for the government's target growth rate or economic growth.
00:34An economist said that this means that more Filipinos are getting hungry.
00:40The country's economy grew by 5.6% in 2024, but that's not enough for the government's target growth rate or economic growth.
00:46Even in the fourth quarter of 2024, the country's economy will still struggle to reach its target growth rate.
00:54In the entire year of 2024, the sectors that contributed the most are the following.
01:01Wholesale and retail trade, repair of motor vehicles and motorcycles that accounted for 1.0%,
01:08financial and insurance activities that accounted for 0.9%,
01:13and construction that accounted for 0.7%.
01:18While this falls short of our target growth rate of 6% to 6.5%,
01:24we are positioned as the third fastest-growing economy in the region.
01:29According to economist Professor Emanuel Leco,
01:32this means that more Filipinos are getting hungry.
01:36This means that the people's pockets are being hit when it comes to high purchases.
01:43Our government should realize this.
01:46She noticed the vendors in the market because some of them only buy one piece per customer.
01:52They said that the vegetables are expensive, that's how they are.
01:55The budget is not enough.
01:57Alan's problem is the budget, he's a minimum wage earner.
02:01He has eight family members and he needs to earn P500 per day just for food.
02:06Before, we used to buy 10. Now, it's 2 kilos.
02:10As time goes by, it's getting harder.
02:13As of 2025, the government's target is 6% to 8% in the economy.
02:18NEDA said that they are confident that this will be achieved.
02:21For GMA Integrated News, Macky Pulido, Natatuto, 24 Horas.
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