By Katherine K. Chan, Reporter
THE PHILIPPINES could remain below its growth potential for longer even with the government’s catch-up measures if it does not address the structural issues that are eroding its economic foundation, GlobalSource Partners said.
In a commentary, GlobalSource country analysts Diwa C. Guinigundo and Wilhelmina C. Mañalac said the government should focus on rebuilding its capacity to create sustainable conditions that support investment and boost productivity, not on merely reaching its growth targets.
“A stronger second half would certainly be welcome. But the real test of economic management is not whether GDP (gross domestic product) can be pushed back toward 4% for a few quarters,” Mr. Guinigundo and Ms. Mañalac said on Tuesday.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
