The status of the Philippine Economy can be diagnosed and consequently pronounced accordingly by the fruit of imagination, the result of ambivalent (confused and confusing) perception or the truth on ground reality. Such differences in appreciation basically depend on whether it is the administration itself that makes the evaluation, or it is this or that survey that issues the pronouncement or it is the people in general who live the economic and actually speak about it. When the administration makes its own official appraisal, the Philippine economy is not simply promising but even amazing. This is the fruit of imagination. When it is one or the other survey issues its formal evaluation, the Philippine economy is either great or bad, usually depending on what firm supposedly made the survey. This is ambivalence in the sense that it depends on the survey readers what they want to believe. But when it is the people in general – those in supermarkets and wet markets, those in the classy and standard neighborhoods. Those living in subdivisions and under the bridges or by the canals for that matter, they say the truth they live and know: The Philippine economy is not only oppressive but also depressing.
Just for the record, after some three years of assumption of Office, the present administration continues to claim with a semblance of infallibility, that the economic growth is a priority and that economy progress is thus a magnificent reality. Graft and corrupt practices were supposed to be something in the past through the “Matuwid na daan” loud and avid proclamations. More. The common good and public welfare of the people were also supposed to be championed through the then avowed and applauded claim “Kayo ang boss ko!” as if sovereignty does not in fact belong to the Filipinos themselves as provided by the Constitution itself.
But after some time, such proud and triumphant claims proved to be but empty claims and futile resolves. So it is that the people are instead not only robbed to the bones by their public officials by pocketing public funds but also made slaves by the stern demands of payments of direct and indirect taxes from sun up to sun down, from birth to death. The economy? This is undermined not only by natural but also by man-made calamities. Conclusion? About 10% of Filipinos cannot not find local employment. About 20% of them are wallowing in poverty. All of them – irrespective of age and creed – pay gradually much more for the use of supposedly public utilities. Truth: It is hard to find even but on honest-to-goodness infrastructure that the present haughty and conceited administration has built – all glowing speeches and glorious perorations to the contrary.
Yes. The Philippine economy is down though not yet out, sick though not yet dead. And the longer the present administration remains in power and control, the more people worry – if not become angry.