Duterte riding on Aquino’s economic policies a good move, S&P says
Continuity is more important than change as far as economic policies are concerned.
International credit rater S&P Global Ratings said the economic and fiscal strategy of the Philippines under President Rodrigo Duterte has played out well enough to keep investor sentiment steady one year into his term, commending his team’s decision to build on the gains made under Former Pres. Noynoy Aquino.
“The Duterte administration has shown itself to be in favor of sound and orthodox fiscal and monetary economic policy making across the board by generally keeping what worked for the Aquino administration and bringing it over,” S&P’s Andrew Wood said in a BusinessWorld report.
There has been a big divide between supporters of Duterte and Aquino in terms of politics, but there’s apparent harmony in economics — or at least, as far as the Cabinet members are concerned.