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Just recently, the administration of Noynoy has been abuzz with claims that, with his pursuit of the so-called straight path and instituting radical reforms in the government to eradicate graft, the Philippines will be on the speedway to join the developed world.
It even brandished a supposed sweet spot in 2018 when the majority of the population would be of working age, a period that economic officials said is propitious since most countries that had crossed this point in their population experienced momentous growth.
Such dream scenarios are now proving to be all talk and mere wishful thinking as even the International Monetary Fund (IMF) expects the economy under the watch Noynoy to miss the boat in the new wave of an Asian economic boom..... MORE
Source: The Daily Tribune