UNLIKELY TO HIT TARGET HSBC pegs Philippines’ 2019 GDP at

6%
Measuring the National Income Account (local) article

The Philippines is unlikely to hit its economic growth target this year given the
expected slowdown in global trade, the Hongkong and Shanghai Banking Corp. (HSBC).
According to HSBC chief market strategist for Asia Cheuk Wan Fan. “We anticipate the
economic growth in the Philippines to stay relatively resilient. We forecast Philippine
GDP (gross domestic product) growth to moderate to 6 percent in 2019”. The forecast
compares with the Philippine government's economic growth target of 7.0 to 8.0
percent this year.
In Brazil, growth is generally necessary, though not sufficient for achieving
development. Brazil has a remarkable stability in its GDP per capita income when it was
1.4% in 1965-1990 and 1.5% during 1990-2000 and their performance was much
better than most of other countries in Latin America although Brazil experienced “lost
decade of development” between 1967 to 1980s.
Brazil and Philippines are still working for continuous growth and development.
Although both are experiencing declines due to global slowdown in trade, Philippines
and Brazil exports and imports change over time because both countries is affected by
big economies like U.S and China for Philippines; Taiwan and South Korea for Brazil.
Philippines and Brazil private investments plays a role in domestic savings thus, both
country should know hot to manage their growth even though there is a slow growth in
private investments. Both country is developing thus their road to development makes
both the countries similar like each other were changes happen at all times.

Measuring the National Income Account (International) article

Brazil has had an export policy stressing incentive for manufacturing exports, as
well as protections for domestic industry, with numerous parallels with Taiwan and
South Korea in their earlier formative stages. Its percentage share of manufactured
exports in total exports grew dramatically, reaching 57% in 1980, although it dropped
dramatically during the lost decade of the 1980s. Although, the share manufactured
exports increased again, reaching a new peak of 58% in 2000, ut has fallen steadily
since, to 45% in 2008, and by 2011, this figure had fallen to just 34% (World Bank
data).
Brazil’s prolonged status as highly indebted country was substantial drag on
growth performance, as were continued problems with infrastructure. Recently,
however, the industrial, Technological and Foreign Trade Policy (PITCE) program has
been actively working to upgrade the quality and competitiveness of Brazilian Industry.
Over the last four decades, Thailand has made remarkable progress in social and
economic development, moving from a low-income country to an upper-income country
in less than a generation. As such, Thailand has been one of the widely cited
development success stories, with sustained strong growth and impressive poverty
reduction, particularly in the 1980s.
Thailand’s economy grew at an average annual rate of 7.5% in the boom years
of 1960 to 1996 and 5% following the Asian Financial Crisis during 1999-2005, creating
millions of jobs that helped pull millions of people out of poverty. Gains along multiple
dimensions of welfare have been impressive: more children are now getting more years
of education, and virtually everyone is now covered by health insurance while other
forms of social security have expanded. After average growth slowed to 3.5% over
2005-2015, with a dip to 2.3 % in 2014-2016, Thailand is now on the path to recovery.
Economic growth reached 4.8% in the first quarter of 2018 - the highest pace since
2013.
Brazil and Thailand, both emphasizing the concern with qualitative as well as
quantitative growth. In 2017, GNI per capita based on PPP for Brazil was 15,160 while
Thailand is 17,090 international dollars. GNI per capita based on PPP of Brazil increased
from 8,170 international dollars in 1998 to 15,160, 6,310 and 17,090 for Thailand. Both
countries, international dollars in 2017 growing at an average annual rate of 3.37 %
and 5.41%. They are also aimed to raise the standard of living by means of greater
agricultural, industrial, and power production. There’s a huge gap between Thailand
and brazil in terms of their National Income Account, that may affect the low-
productivity by its practices. A restructuring of the economy away from heavy
dependence on imports and towards more reliance on local resources, especially
agricultural that needs to focus to improve the performance in developing their income.

NEDA: Family of 5 needs P42,000 a month to survive

Cost of Living (local) article

National Economic and Development Authority in the Philippines received a

disapproval after it was misquoted that a family that consist of five members needs
P10,000 to survive each month and attainable but the family would close to the poverty
line. Growth is necessary, but it is not sufficient for achieving development. The
estimate of P42,000 is a decent-enough living according to the agency. Two family
members would need to each earn P21,000 per month under the estimated figure to
have a comfortable lifestyle. GDP measures wages, but also profit and rent. In
economic growth means an increase in real GDP (Gross Domestic Product.) Philippines
has status of emerging economy and world’s largest center for business.
In the country of Brazil, growth has been erratic. Growth remains vulnerable to
world commodity prices. So, while the persistence of poverty in Brazil’s undoubtedly
due in part to mediocre growth relative to East Asia or to Brazil’s potential. The highly
concentrated distribution of income worsened by inequitable social spending.
Brazil had experienced extremely high inflation after an ongoing debt crisis year of
stagnant income as it connects to poverty. Poverty has become an issue to Brazilians as
some people in the society received only a low income which their cost of living is much
higher, they actually lived with the extreme poverty.

Philippines and Brazil are developing countries. The Philippines has been steadily
growing when it comes in industrial sector and manufacturing. Brazil is also having
world-competitive industry. But both countries also experience inequality when it comes
in income and growth. Both country are also experience poverty where many people
are affected when it comes in distribution of income.

To sum this up, the local article (Philippines) and the situation of some people in
Brazil are somehow most likely to connect. It seems that in today's, due to inflation, the
cost of the things that people must have is not equal to the income they have in their
pockets sustaining their needs. But still, like Brazilian, not all has this kind of
experience.

SAN FRANCISCO: WHERE A SIX-FIGURE SALARY IS 'LOW

INCOME'
Cost of Living (International) article

San Francisco is far different from other countries who experience low income.
Workers with six-figure salary are still considered as poor because of the expenses they
pay. Two-thirds of American families of four live in San Francisco have low income. It is
because their salaries depend on what kind of work they do. For example, if you’re a
doctor you’ll get the highest paying salary. But if you are a farm worker, you’ll get the
lowest paying salary. As you can see, if you are a farm worker you need to strive harder
to meet all the expenses especially the housing.
The life of the people in San Francisco is very close to Brazil but in different
aspect. In Brazil, most of the poor people really live in slums. They don’t have descent
house. Most of the people there don’t have job and there are workers in Brazil who get
the lowest paying salary all over the world. They only have a $1.25 income. And in
Brazil it is not the housing or other things are the problem why they are poor. It’s the
government who doesn’t make action on how to resolve all the cases in the slums area.
Because of these problems, some of the people have experience on selling and
inhalation of prohibited drugs.
 For them to resolve this problem, they must really focus on how to lessen the
poverty rate in a city or a country. They create advocacy or to have a program on how
they will help people there to strive more in their own job so that they can fed their
families. In that case, they will have the courage to continue to live for the sake of their
families.