MSOpinon 2022 retrospective perceptions “But still, despite all these problematic realities, the survey released last week by Pulse Asia bares the durable optimism of Filipinos with 9 out of 10 respondents looking forward to 2023 with high optimism”
“But still, despite all these problematic realities, the survey released last week by Pulse Asia bares the durable optimism of Filipinos with 9 out of 10 respondents looking forward to 2023 with high optimism”
At the start of the Marcos Jr. administration, the June survey of Pulse Asia revealed that Filipinos wanted the new government to prioritize on controlling the prices of goods and services and creating jobs for the poor. On the other hand, data from the Philippine Statistics Authority say that unemployment rate in October 2022 fell to pre-pandemic levels at 4.5 percent which translates to 2.24 million jobless Filipinos and underemployment rate at 14.2 percent or 6.67 million Filipinos.
A further illustration of how expensive these pandemic years is the huge budget deficit or the shortfall in government revenues versus its expenditures. The latest update of the Overall Business Outlook Index of the Bangko Sentral ng Pilipinas saw a less optimistic business sentiment as the overall confidence index declined for the second consecutive quarter to 23.9 percent from 26.1 percent in the previous quarter.
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