Francisco Ed Lim, ladies and gentlemen, good afternoon. For today, I chose the theme, “A Strong Nation Amid A Slowing and Volatile World,” which encapsulates the BSP’s insights on the country’s economic performance in 2019 and the outlook for 2020 and beyond.
For now, the process of globalization is being aided by strengthening economic growth, which is clearly being driven by an accelerating application of new insights. Technological innovation, BIS Review 65/2000  2  however, arguably comes in bunches as new discoveries feed on one another to push forward innovation until the effects of the initial impetus finally peter out.