In consideration of these vulnerabilities, I believe that staff’s overall forecast for the world economy and the U.S. economy is too optimistic and that they have underestimated the negative impact of geopolitical instability. In light of the existing vulnerabilities in the world economy, I believe that all countries should adopt appropriate policy measures to manage and resolve them.
Under the leadership of BCDA President and CEO Vince Dizon, the New Clark City is rapidly transforming itself to a resilient metropolis that will drive growth momentum in “Paspas Capas”1, Tarlac, as well as in other nearby provinces in central and northern Luzon.