PH growth meaningless for ordinary Juan

The much-hyped 7.2 percent full year growth of the Philippines’ gross domestic product (GDP) remains to be a meaningless indicator for most Filipino households, as prices continue to rise unabatedly and the unemployment rate still high, a legislator said on Friday.

Kabataan Partylist Rep. Terry Ridon expressed concern that the GDP growth might prove to be “largely artificial and unsustainable.”