ECONOMIC GROWTH

• Measured as an increase of people’s real income – means

that the ratio between people’s income and the prices of
what they can buy is increasing: goods and services
become more affordable, people between less poor.
 INDICATORS

• Gross Domestic Product (GDP) - is the standard measure

of the value added created through the production of goods and
services in a country during certain period. It is also measures the
income earned from that production or total spent on final goods
and services.
• Strong Employment Numbers – this can occur through an
increase in consumer spending or an increase in products
produced. The level of disposable income can determine the
demand of consumers.
• Wage Growth - is necessary to reach the inflation target in
Philippines. However, this spending power is directly related to
costumer income. If productivity is growing then wage growth as
well without increasing the real cost of business.
 “ Empowering the individual means
empowering the nation. And empowerment is
best served through rapid economic growth
with rapid social change.”
THANK YOU