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Sunday, April 21, 2024

4 in 10 Pinoys see economy getting better in next 12 months, per SWS

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At least four in 10 adult Filipinos expect the economy to improve in the next 12 months, the latest Social Weather Stations (SWS) survey showed, lower than those who believe it would stay the same (44 percent) while 10 percent said it would worsen.

SWS used the term “optimists” for those who believe the Philippine economy will improve, “pessimists” for those who think it will worsen, and “no change” for those who said it will stay the same.

The percentage of economic optimists minus the percentage of economic pessimists yielded a net economic optimism score of +30, which SWS classifies as “very high” (+30 to +39).

However, the score rose to “very high” +36 from “fair” +16 in Metro Manila and to “high” +25 from “fair” +15 in Visayas.

Net score optimism was highest among those who either graduated from college or took post-graduate studies, followed by those who either finished junior and senior high school, completed vocational school,or attended college, those who either finished elementary or had some high school education, and those who either had no formal education or attended elementary.

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The survey also said that the net economic optimism was higher amongpersonal optimists at +56 (“excellent”) than those who said their personal lives would stay the same at +15 (“fair”).

Among personal pessimists, it was at -37 (“extremely low”).

The survey used face-to-face interviews with 1,200 adults and has a margin of error of ±2.8% for national percentages and ±5.7% for regional breakdowns.

At least four in 10 adult Filipinos expect the economy to improve in the next 12 months, the latest Social Weather Stations (SWS) survey showed, lower than those who believe it would stay the same (44 percent) while 10 percent said it would worsen.

SWS used the term “optimists” for those who believe the Philippine economy will improve, “pessimists” for those who think it will worsen, and “no change” for those who said it will stay the same.

The percentage of economic optimists minus the percentage of economic pessimists yielded a net economic optimism score of +30, which SWS classifies as “very high” (+30 to +39).

However, the score rose to “very high” +36 from “fair” +16 in Metro Manila and to “high” +25 from “fair” +15 in Visayas.

Net score optimism was highest among those who either graduated from college or took post-graduate studies, followed by those who either finished junior and senior high school, completed vocational school,or attended college, those who either finished elementary or had some high school education, and those who either had no formal education or attended elementary.

The survey also said that the net economic optimism was higher amongpersonal optimists at +56 (“excellent”) than those who said their personal lives would stay the same at +15 (“fair”).

Among personal pessimists, it was at -37 (“extremely low”).

The survey used face-to-face interviews with 1,200 adults and has a margin of error of ±2.8% for national percentages and ±5.7% for regional breakdowns.

Editor’s Note: This is an updated article. Originally posted with the headline “40% of Filipinos still “optimistic” about PH economy.”

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