For the Philippines, I believe, 2012 could more appropriately be characterized as a year of consolidation, when all the outcomes, as desired from reforms instituted, have essentially fallen into place and fitted together. Sound macroeconomic policies and structural reforms have led to investor confidence and steady economic growth in a non-inflationary environment. 2013 – Are we out of the woods yet?
No, continued vigilance is needed amid relative stability Going into 2013 in a state of relative calm, is the global economy out of the woods? With the confluence of strong domestic growth and low inflation, is the Philippines in a clearing?