Friday 23 March
Powered by Ajaxy
Nov 18, 2017 @ 12:18

‘Not there yet’: Espenilla dismisses overheating fears


Rapid economic growth shouldn’t be alarming.

The 6.9 percent gross domestic product (GDP) growth during the third quarter may have been faster than expected, but it shouldn’t be too surprising for an economy with a lot going on.

Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr. even quelled fears that the Philippine is nearing an overheat, saying that current economic activity justifies the faster GDP increase.

“That begins to be a concern if we’re persistently growing above potential. To keep growing strongly without overheating, we expand potential itself through high quality investments funded in a sustainable manner,” Espenilla said in news reports.

There’s no way but up for the economy as far as the government is concerned, with the Department of Finance saying that GDP growth will grow even faster come the fourth quarter.

Tags: , , , , , ,

Related Stories
The country’s leading oil refining and marketing firm Petron Corp. saw its net income grow
President Rodrigo Duterte proved he has buried the hatchet with Lucio Tan by meeting the
India is also interested to become the third player in the Philippine telecommunications industry, President
This is the ultimate and probably the sweetest throwback photo!


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.