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PIA Press Release
2005/12/05

Palace says economic growth is no surprise

MANILA (5 December) -- "It is no surprise that the economy continues to grow despite the political turmoil."

Thus said Press Secretary and Presidential Spokesman Ignacio Bunye amid reports that the economy of the country is picking up contrary to fears of being paralyzed due to the conflict between the present administration and the opposition.

Bunye said the resiliency of the Filipino has been tried and tested for the past years. Hence, through thick and thin, the nation's economic indicators have hovered along positive growth paths.

"This is also a sure sign that the people have accepted the legitimacy, strength, and continuity of the Arroyo administration, and that they are not anticipating any alternatives or substitutes," he stressed.

The Palace official pointed out that the road is clear for the Philippines to be a first world country in twenty years as there is no turning back or lagging behind just because a few doomsayers desperately want to pull the nation down.

"Team Philippines is moving forward not only in sports, but in the economy and in political reform," Bunye added. (PIA-MMIO) [top]

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