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| Topic: |
Business
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| Number of pages / Number of words: |
37 / 10240 |
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Yet, the private sector is generally healthy with NPLs falling from 19% to 13.7%, corporate profits rising by 12% with telecom giants at a faster clip. With nominal GDP of 6.4% in 1Q, a stable peso and inflation under control, albeit rising, it was just the government; and the economy was doing fine despite the government...
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Our financial diagnosis suggests that the country is in advanced stages of fiscal metastasis as shown by the rapid spiral in debt service and debt stock which needed to be contained and reversed immediately while secular growth in revenues was structurally constrained.
The current mood is to avoid finger pointing, look forward and solve the problem...
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