It would be cause for alarm, therefore, if we remain complacent. We need to plan; we need to act pre-emptively to create buffers that will protect us from the headwinds that will come our way.
Among others, our Government has prepared a P330 billion economic stimulus program that includes higher infrastructure spending and enhanced social safety nets to support the most vulnerable segments of our population. The stimulus package, designed to adhere to the socalled best principles of 4 T’s: spending that is timely, targeted, transparent, and temporary — should be supportive of sustainable and robust growth.