Lockdown impact on PH's GDP in Q1 and Q2 2021

The Philippine Statistics Authority (PSA) released today the second quarter (Q2) 2021 GDP data.

GDP level at constant 2018 prices:

Q2 2018 P4.72 trillion
Q2 2019 P4.99 T
Q2 2020 P4.14 T
Q2 2021 P4.63 T

So Q2 this year is even lower than Q2 2018 or 3 yrs ago. Palakpakan ang indefinite lockdown.


The 11.8% growth in Q2 is mainly because of base effect. Q2 2020 was the deepest quarterly contraction since post WW2, so even mild increase in value or level of GDP will result in high % increase.


It is also the first time in so many years and even decades that many EU countries have double digit GDP quarterly growth. Still no congrats to their heavy lockdown policies.

Finally, see this quote from former BSP Deputy Governor,

"In our previous columns, we commended the President for literally burning our ships to the ground by declaring the lockdowns would stay unless we defeated the virus through effective protocols and prompt administration of the jabs."
-- Diwa Guinigundo
"Burning the ships, the only choice?" July 1, 2021 | 6:20 pm
https://www.bworldonline.com/burning-the-ships-the-only-choice/

Diwa's wish has come true. Burning PH ships to the ground is commendable. We-hee.

Comments

Post a Comment

Popular posts from this blog

Surviving Covid, the story of Mari and Enchang Kaimo

Image
My cool, articulate, TV host friend Mari Kaimo and his wife Enchang Kaimo got sick last July 3. This is a belated repost, his story how he survived Covid, long haul. I failed to post this earlier because I myself got sick of Covid and was hardly touching my laptop for at least a week. Anyway here it is. ------------ July 31, 2021 It’s now official! By the grace of God, Enchang and I are now documented COVID survivors.  I first felt sick July 3rd. If you check the CDC USA website on COVID, you will find a list of symptoms. These are the ones I had:     Fever or chills     Cough     Shortness of breath or difficulty breathing     Fatigue     Muscle or body aches     Headache     Sore throat     Congestion or runny nose  Ench had similar symptoms but fewer than I did. On Day 2, I started to experience the shortness of breath and immediately double-dosed on Iverm...
Read more

Vax injuries, some testimonies and news reports

Image
At the Concerned Doctors and Citizens of the Philippines (CDC Ph) Huddle last Sept. 4, these comments were posted that night:  Belinda T. Toledo    · 1:10:58 My cousin died of high blood/heart attack 6 days after his 1st dose of vaccine. Then pag swab sa kanya positive daw po sa covid and need na i cremate. Belinda T. Toledo      · 1:15:49 He's against vaccine din po kaya lang need daw sa work kaya napilitan. At dahil may waiver before magpa vaccine paano tayo makakapagreklamo. Sino ang dapat managot? Hazel Che      · 1:15:41 Ano po brand ng vaxx? Belinda T. Toledo      · 1:16:27 Hazel Che astra po. AL Mary    · 1:16:43 Sorry for your loss po.. Same sa biyenan ng kapatid namin..1 month after ng bakulam...2 beses inatake...nung pangatlong atake hindi na kinaya..pero wala naman sakit sa puso un..79 years old Julio Agosto    · 0:00 halos lahat ng namatay post vax ay nagka-heart attack. Gaya ng pari ...
Read more

Dr. Romy Quijano on vaccine and IVM (part 2)

Image
 Retired faculty member of UP College of Medicine Dr Romeo "Romy" Quijano wrote a 3-parts papers about the vaccine. Reposting portions of them here.   (1) Herd Immunity and Vaccines (FAQ Part 1)  Romeo F. Quijano MD  June 21, 2021  https://romeoquijanomd.net/2021/06/21/herd-immunity-and-vaccines-faq/   … The goal of achieving “herd immunity” through vaccination is practically unattainable mainly because it relies on numerous flawed assumptions such as: homogenous, well-mixing population that is behaving basically in a similar manner, random vaccination with almost perfect efficacy, and uniformity in the population. In reality, many different factors shape patterns of risk and susceptibility to disease, including, among others, age and sex, ethnicity and life circumstances, including stress, lifestyle and naturally resilient immune system. Other problems that make “herd immunity” an unachievable goal through vaccination include: secondary vaccine failur...
Read more