TWO RECENT ITEMS OF ECONOMIC NEWS give me much cause for concern. Last week, the government reported a disappointing 0.8-percent annual growth for the economy in the third quarter.
THE annual meeting of the Philippine Economic Society (PES) held last week ended with a panel discussion on the outlook for the Philippine economy, now a regular feature of the organization’s yearly gathering.
ALONG with officials from the World Bank and the International Finance Corp., I spoke in a panel discussion on stable economy and improved investment climate organized by the WB Manila office last week.
INVOKING ITS EMERGENCY POWERS granted by law to impose price ceilings in times of calamity, the government has pegged petroleum product prices at their mid-October levels.
THE first woman to win the Nobel Prize in Economics, Elinor Ostrom, is not even an economist, but a political scientist. For professional economists, it is a reminder that their profession has no monopoly in explaining the economic behavior of human beings.
IF OUR ECONOMY AS A WHOLE has been spared from recession even as our erstwhile more dynamic neighbors have been badly hit, surely part of the reason is the resilience of the real property sector. The industry has managed to defy overall economic trends, particularly in the past year’s global economic downturn.
