Knowing the status of our Philippine economy makes sense to me. This helps me to become intuitive of what is really happening in our country under the leadership of our new President, Noynoy Aquino together with the new and appointed officials of our government. As I search from the net and read some news about the status of our economy, it gives me hope that our economy has still chance to recover from downfall before. Reading the article from "Philippines Today", it has been stated there that our economy is growing and moving positively...small figures but it really matter.
According to Amando Tetangco Jr, BSP Governor, he has stated that that there is still hope for the stability of our economy. He also added that the BSP’s policy priority will be focused broadly on exercising continued vigilance over price developments, nurturing a healthy external payments position and management external debt, sustaining key financial reforms that will strengthen bank capitalization, supervision and market discipline, and pursuing social advocacies that are supportive of an inclusive economic growth.
As a student and studying Business course, this article gives me an idea on how the Bangko Sentral ng Pilipinas and other authorities involved in making our economy stronger and stable work together and make use of the best possible solutions and strategic plans to sustain the stability of our economy. There are lots of figures mentioned that show how our economy is growing and doing well last 2010 and even this year. It is good to see and know all of those figures that continuously increasing since we can show how our economy is improving.
I believe that in every problem, there is solution. If we are experiencing some turbidity in our economy, it is never too late to recover and to make it stand again .In every downfall, there is victory. The victory does not only lie on the President but for all the citizens also. Each Filipino can contribute to the stability and success of our economy. Let us support our leaders who knows what is better for our country. As I make this blog, what is inside my mind is the word
"corruption". It has been the root and I believe it will be the solution. It is so nice to see how our country will turn into corrupt free officials and corrupt free country. But I 'm gonna crossed my finger first..:)
