Mutually reinforcing

Filipinos are known for being hopelessly optimistic.

Habang may buhay may pag-asa.

And this eternal hope for better times has fueled the Filipino resiliency in driving economic activities.

But the government insists that the robust economy is feeding the general positive outlook of the people.

We believe that both the robust economy and the positive popular sentiment are mutually reinforcing to sustain a virtuous economic cycle.

Malacañang has attributed the "excellent" net personal optimism of the Filipinos based on the latest Social Weather Stations to the country’s growing economy.

“Our people are feeling the effects of a growing economy,” Presidential Spokesperson Harry Roque said in a press statement.

The SWS 2018 First Quarter survey shows that Filipinos expecting their personal quality of life to improve in the next 12 months remains “excellent” at +40.

“Further, the same survey reveals that net optimism about the economy continues to be 'excellent' across all geographic areas and socioeconomic classes, standing at +31, which means that many of our countrymen are optimistic that the Philippine economy next year would get better,” Roque said.

He said the Palace considers the latest survey results as a vote of confidence in President Rodrigo R. Duterte and his economic team.

“Our economy remains on target hitting 6.8 percent during the first quarter of 2018,” Roque said.

According to an SWS survey conducted on March 23-27 to 1,200 respondents across the nation, the optimism in Mindanao stayed at 50 points while downed by 7 points in Visayas to a score of 23 and by 8 points in Metro Manila to a score of 28. The Balance of Luzon’s number decreased by 12 points to a score of 28.

Overall, the latest SWS survey shows 46 percent of the Filipinos are optimistic that their lives would improve in the coming 12 months while 6 percent expect it to get worse, resulting in net personal optimism score of +40.

The net personal optimism in the last quarter of 2017 was at +46.