On a roll

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IGNORE  the political noise coming from various directions and focus instead on where the economy is going.

The reality is that the economy is growing within the parameters set by our economic managers, with our gross domestic product expected to grow by seven percent in the first quarter of this year.

This is consistent with NEDA projections of 6.5 to 7.5 percent growth target for 2017, and is validated by economists who likewise predict a sustained pace of 6.6 percent in the first quarter of the year.

Our GDP growth is driven partly by increased demand for motor vehicles and consumer goods and by merchandise exports, including electronics, textiles, machinery and transport.

Meanwhile, the Philippines managed to attract a strong inflow of foreign direct investments (FDIs) in 2016 despite external shocks, reaching $7.93 billion last year, exceeding its $6.7 billion target.

That only goes to show that foreign investors are bullish about our economic prospects under the Duterte administration.

The question now is whether the Duterte administration can sustain the momentum of growth. With its comprehensive infrastructure development program all set to get off the ground, and its campaign to restore law and order also gaining traction, there’s ample reason to believe that better times lie ahead for the economy and the nation as a whole.

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