Ej Lopez
Last week’s pronouncement of the National Statistics and Coordination Board that the Philippine economy posted a 7.5-percent gross domestic product (GDP) growth rate in the second quarter, and 7.6 percent overall since the start of the year has created a euphoric atmosphere among the business sector as well as the bourse market, which for the previous week has been experiencing a bearish mood. Although the growth was a welcome development to our country’s drive for a consistent growth, we have to qualify the components of growth to determine its stability as well as our ability to sustain it.