Yesterday’s edition of the Manila Bulletin carried a piece in its Business Agenda section from “prominent economist” Dr. Bernardo M. Villegas, reporting remarks he made at the first Asia Economic Forum in 2015. I quote his reported remarks in full here:
Philippine economic growth is sustainable over the long-term, because what I said three years ago, all the points I raised then, are still very valid. The Philippines is now at a stage wherein growth of six to seven percent indefinitely into the future, is already irreversible.
If the good Dr. is being accurately quoted then his view that 6%-7% growth “indefinitely” seems a hostage to fortune, at the very least. But time, of course, will tell.