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  • PESTLE Analysis

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    Mary Joy Albandia
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    The Philippine economy is growing strongly according to the World Bank, projected to have the fourth fastest growth in the world at 6.7% GDP, higher than Bangladesh's 6.3%. Agriculture, including poultry farming and livestock, is a major contributor to the Philippine GDP and labor force. Chicken production is the second largest meat industry after pork due to changing consumer preferences and the popularity of fast food restaurants in the Philippines, leading to high demand for chicken.

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    The Philippine economy is growing strongly according to the World Bank, projected to have the fourth fastest growth in the world at 6.7% GDP, higher than Bangladesh's 6.3%. Agriculture, including poultry farming and livestock, is a major contributor to the Philippine GDP and labor force. Chicken production is the second largest meat industry after pork due to changing consumer preferences and the popularity of fast food restaurants in the Philippines, leading to high demand for chicken.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    246 views1 page

    PESTLE Analysis

    Uploaded by

    Mary Joy Albandia
    The Philippine economy is growing strongly according to the World Bank, projected to have the fourth fastest growth in the world at 6.7% GDP, higher than Bangladesh's 6.3%. Agriculture, including poultry farming and livestock, is a major contributor to the Philippine GDP and labor force. Chicken production is the second largest meat industry after pork due to changing consumer preferences and the popularity of fast food restaurants in the Philippines, leading to high demand for chicken.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    PESTLE Analysis

    Economic Factors

    The Philippine economy is progressively increasing according to the World Bank Org.
    According to the date compiled by CNN Money, the Philippines is projected to be the
    fourth fastest in the world, that has a GDP at 6.7%. It is projected that the Philippines
    economy is higher than Bangladesh 6.3%.The agriculture is one of the factors that affects
    the economy of the Philippines. It contributes the GDP and labor force in the Philippines.
    Poultry farming or livestock is included in the sector of agriculture. It is important because it
    serves as a food source for many people. Chicken is considered a necessity good and
    also the second produced meat next to pork. This is because of the changing preferences
    of the people. Filipinos are considered to be more in pork than chicken. Fast food in the
    Philippines is increasing and mostly served in the restaurants, making it to have a high
    demand to consumers.

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