Economy in Aquino administration improved, says expert

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The first three quarters of the Aquino administration showed signs of improved economy, Prof. Solita “Mareng Winnie” Monsod says in an interview over 990 AM.

MANILA, Philippines—The first three quarters of the Aquino administration showed signs of improved economy, an expert said Monday.

In an interview over 990AM’s “Tapatan” with Jay Sonza and Den Macaranas, Prof. Solita “Mareng Winnie” Monsod said the country’s gross domestic product (GDP) improved by 6.2 percent while gross domestic investment rallied by 22 percent.

GDP is the total goods and services produced by the economy in a given period.

“Yung investment ng economy natin, wow ang ganda. Na-impress ako [I was impressed by the investment of our economy, it’s very nice],” Monsod said.

She added that in terms of growth, employment and poverty, President Benigno Aquino III got a mark of 7.3 percent for the first three quarters of his administration (3rd and 4th quarter of 2010 and 1st quarter of 2011).

Monsod noted that the President’s target employment is one million and said: “If you get it from the first three quarters, that is already more than 700,000 but this April, it went up by 1.4 million.”

President Aquino will deliver his second State of the Nation Address later Monday.

For the interview, listen to 990AM.