Gloria's last (hopefully) State of the Nation Address were full of jabs aimed at Mar Roxas and former President Joseph Estrada and the rest of her critics. Also, she never categorically stated that she's no longer planning on extending her term in office.
No mention at all about graft and corruption because, well, she's in the middle of it.
As for her report on the economy, she claimed direct foreign investments are on the upswing. That is not the case at all. We have the lowest FDI flows among the major economies in South East Asia.
As for the lower inflation, I should point out that this is due to external factors beyond her control, like slower consumption spending and lower oil prices due to a weak global economy.
Per capita GDP is at US$2,000, she reports. I'm not sure if that's something to cheer about.
As for GDP growth, debt reduction, employment generation in the midst of a global financial crisis, I agree and cheer her accomplishments.
She did not mention the burgeoning budget deficit, slowing exports, weak manufacturing output, falling tax collection efforts or any strategy in moving the economy forward.
No mention at all about graft and corruption because, well, she's in the middle of it.
As for her report on the economy, she claimed direct foreign investments are on the upswing. That is not the case at all. We have the lowest FDI flows among the major economies in South East Asia.
As for the lower inflation, I should point out that this is due to external factors beyond her control, like slower consumption spending and lower oil prices due to a weak global economy.
Per capita GDP is at US$2,000, she reports. I'm not sure if that's something to cheer about.
As for GDP growth, debt reduction, employment generation in the midst of a global financial crisis, I agree and cheer her accomplishments.
She did not mention the burgeoning budget deficit, slowing exports, weak manufacturing output, falling tax collection efforts or any strategy in moving the economy forward.
No comments:
Post a Comment