Growth Figures Expose Government's Fake Stimulus, Limits Of Relying On Remittances

Growth Figures Expose Government's Fake Stimulus, Limits Of Relying On Remittances

Published at the IBON website Sunday, 29 November 2009
By Sonny Africa

IBON Features - The weak third quarter growth results reported by the National Statistical Coordination Board (NSCB) do not only confirm the uncertainty of achieving the full-year growth rate that the government has been hyping in a bid to project optimism and confidence. They also expose, among others, the limits of relying on overseas remittances to fuel economic growth, and how the government's so-called stimulus program is more exaggeration than reality.... MORE


Source:  IBON Foundation

URL: http://info.ibon.org/ibon_features.php