Hold your horses, cool your jets, the sky may not be falling on us, after all. At least, not in the way that Ben Kritz appeared to be hinting in one column last week, (“The sky is falling,” 1 February, Manila Times). Ben took off from an op-ed piece by former presidential candidate Steve Forbes in Forbes Magazine, that declared that “we could have another big financial crisis like that which hit Asia in 1997-98.”

As though to underscore the fact that different crystal balls can produce different forecasts, the influential journal Foreign Affairs, in its first issue for 2014 (January-February 2014) carries a highly positive report on the Philippines, saying that it is now “providing the biggest upside surprise.”

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