Perception economics: two years of the Aquino administration
Perception economics: two years of the Aquino administration
By Sonny Africa
IBON Executive Director
IBON Features– The Aquino administration asserts that “good governance leads to good economics” and points to rapid economic growth in the first quarter of 2012, supposedly looming investment-grade credit ratings, and even alleged creditor nation status. Yet while these indicators of supposedly sound macroeconomic and fiscal fundamentals are appealing to banks, credit rating agencies and investor groups, they do not reflect the reality of continuing problems for the economy and tens of millions of Filipinos.
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