Leapfrogging the economy

It’s laudable that the Philippines is heralded as the second fastest growing economy in 2015 with a growth rate of 5.8 percent, just behind China, despite weak external demand, typhoons and El Niño. This trajectory is expected to continue in 2016 and 2017, for which period the International Monetary Fund (IMF) projects growth rates of 6 percent and 6.2 percent, respectively.

But with the coming elections, feedback from some of my business colleagues and friends in social media who are pro-administration party reveals a palpable nervousness that if another presidential candidate wins, the continuity of the current policies and programs will be disturbed.