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SWS: Nearly half of Filipinos believe economy will improve in 2023

There are 48% of Filipinos who believe that the economy will improve in the next 12 months, a Social Weather Stations (SWS) survey showed Friday.

The SWS poll, conducted from December 10 to 14, 2022, also showed that 33% of Filipinos said the economy will stay the same, while 9% believe it will worsen.

This resulted in a net economic optimism of 40%, which the SWS classifies as "excellent".

The net economic optimism is highest in Metro Manila at 47%, followed by Mindanao at 45%. Balance Luzon posted 40%, while Visayas recorded the lowest at 27%.

The 40% net economic optimism, however, was one point lower than the 41% net economic optimism posted in October 2022.

The SWS poll was conducted using face-to-face interviews of 1,200 adults aged 18 years old and above. Of this number, 300 respondents participated in each of Metro Manila, Balance Luzon, the Visayas, and Mindanao.

The sampling error margins are ±2.8% for national percentages and ±5.7% each for Metro Manila, Balance Luzon, the Visayas, and Mindanao.

The area estimates were weighted by the Philippine Statistics Authority medium-population projections for 2022 to obtain the national estimates.

Inflation, or the rate of increase in the prices of goods and services, moderately slowed down in February to 8.6%, but it was just a miniscule drop from the 8.7% inflation rate in January which, is the highest since November 2008. —VAL, GMA Integrated News