Economic growth for 2008 stood at 5.0 per cent, slightly below the 2007 level of 5.5 per cent. At the beginning of this year, it appeared that our GDP growth rate would be closer to 2 per cent.
Ladies and gentlemen, our continuing journey takes us through uncharted territory. Nevertheless, we are encouraged by positive feedback – from the pupils who start saving regularly, to the teachers who say they learn life lessons from the program. Also a positive is the 2011 Citi Financial Quotient Survey where the Philippines showed sustained improvements in its score.