Climate Change Affects Economy

Weather is one of the important elements in a certain county. Philippines is a tropical country and had two ages dry season and wet season. Being a tropical country, Philippines experience a torrid stick out which http//www. mapsofworld. com/referrals/weather/ humor/tropical-climate. html tell that tropical climate has an average temperature above 18?C. Climate change is one of the disasters that screwing barely affect the rescue of a certain country. Baguio City, having a rimy weather, is known as the Summer Capital of the Philippines.Tourists visit this country for relief and also for adventure and sight-seeing of just about famous spots in this metropolis. It makes a good contribution to the increasing number of tourists. Experiencing a cold temperature, thither are some fruits and vegetables that only located and grow in this city because some grows only in a cold place alike strawberries. According to http//www. abs-cbnnews. com/nation/regions/01/12/14/baguio-hits- wor st-temperature-2014 Temperature dropped to its lowest this year in Baguio City.The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on sunshine express this mornings 10. 3 Celsius temperature in the city is the lowest since September of 2013. Meantime, farmers in Mt. Cabuyao in Baguio City are bracing for some losses due to frost injuries on vegetables, which could worsen if cold weather conditions persist. Due to low temperature that Baguio is facing, it widely affects the economy of the give tongue to city. Supply of vegetables decreases because of the said frost injuries.Lower supply of vegetables results to advanceder legal injury in the market. This is a huge example of Law of Supply. Economy of the Baguio is in great danger because of this mixed bag of temperature. I can say that climate change really affects the economy of our country. YOLANDA PROPELS DEMAND FOR HOUSING GOODS Last November 8, 2013, a tragic disaster occurs in the Ph ilippines particularly in the Visayas area. Typhoon Yolanda, having an international name Haiyan, landfalls at Tacloban that happens on the said date which according to http//www. rappler.com/business/47580-yolanda-reconstruction-ph-growth-2014 leaves to a greater extent than than 6,000 people dead and roughly 900,000 homeless. The government is confident it can achieve its economic growth backside for 2014 due in part to ongoing reconstruction efforts in areas devastated by Typhoon Yolanda (Haiyan) as said by the rappler. National Economic and Development office (NEDA) Assistant Director-General Rosemarie Edillon told reporters a robust construction sector bequeath avail the government reach its 6. 5% to 7. 5% gross domestic crossroad (GDP) growth target this year.The government earmarked P360. 9 billion ($8. 17 billion) for the replacement of the affected areas over a 4-year period. Of the total amount, 50. 79% or P183. 3 billion go forth be used to build shelter and rese ttlement. Edillon stated that the construction of some one million homes for Yolanda victims will propel film for housing-related goods and services. Gross domestic product (GDP) will increase due to more claim of housing goods and also because of higher demand, higher tax will go to the hands of the government.And with this taxes the government will sign again more projects and they will buy again many materials needed and the materials will got high demand and cycle goes on and on. This is like what Sir Cruz said to us, that if spent our bills more, there is more jobs employment that will happen and more Filipinos will be employed. This is an important cycle that is going on in any country. OIL PRICE CUT Oil is very important to all country in the world.This is one of the reasons why countries had to declare war. accelerator is make from oil, particularly crude oil. Oil is primarily used for vehicles cars, jeeps, buses and other occult and vehicles. Last January 13, 2014, according to The Philippine Star, oil companies announced another bit of oil price adjustment, marking the second consecutive week of price cuts. Effective today the price per liter of gasoline is cheaper by 85 centavos, kerosene by P1. 10 and diesel engine by 90 centavos.The pastime rollbacks will be implemented effective 1201 a. m. of Jan. 13 Gasoline by P0. 85 per liter, kerosene by P1. 10 per liter and diesel by P0. 90 per liter. This reflects movements in the international oil market, Petron and Seaoil Philippines said in separate statements. The energy department said oil production in Libya has plunged to about 250,000 barrels a day from nearly 1. 5 million, amid demand from armed protesters for a more regional autonomy and greater