Misplaced optimism of BBM’s finance secretary


Source: manilastandard.net manilastandard.net

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“Marcos wanted to make sure his speech will not end up as run-of-the-mill but will stand out to be remembered by history” People truly wonder what the President’s finance secretary is up to when he predicted a robust 6.5 percent economic growth for 2023. Secretary Ben Diokno made his optimistic assessment of the nation’s economy barring unforeseen forces that could hamper growth. Otherwise, he said, the country could easily jump a 7.5 percent growth rate, taking into account the bustling manufacturing sector, the low record of unemployment, the stable and resilient banking system which are indicative of the country’s ability...