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SWS: 48% Filipinos confident on economy improving in 2023


Metro Manila, March 12 ------ Almost half or 48% of Filipino adults remain optimistic that the country’s economy will improve in the next 12 months, a Social Weather Stations (SWS) survey showed.


According to the SWS survey conducted through in-person interviews from Dec. 10 to 14 last year, only 9% of respondents see the economy worsening while 33% felt neutral about the issue. This data totaled a net economic optimism score (percentage of economic optimists minus percentage of economic pessimists) of +40, a rate considered “excellent” by the SWS.


Metro Manila recorded a +47 rate in net economic optimism, highest among areas in the country, followed by Mindanao (+45), Balance Luzon (+40), and the Visayas (+27). SWS also explained that net economic optimism score tended to be higher among those with educational backgrounds. College graduates had an “excellent” rate at +51 while high school graduates tallied +40. Non-elementary graduates recorded optimism at +37 while elementary graduates are at +35.


The survey was conducted through in-person interviews with 1,200 respondents of Filipinos above 18 years old. The sampling error margins are ±2.8% for national percentages, ±5.7% each for Metro Manila, Balance Luzon, the Visayas, and Mindanao.


Source: cnnphilippines.com

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