The potential Big Bad Wolves The Philippine economy also faces potential threats, the so called Big Bad Wolves. We remain mindful of the risks that could threaten the strength of the economy.   Risks to price stability.
And third, the successful structural reforms that have been implemented in several countries in recent years, which are now starting to produce results. These effects look set to persist for some time, meaning we can rightly be optimistic about the outlook. But this does not mean we should rest on our laurels.