A naukri.com initiative
Bworldonline
1d
174
Image Credit: Bworldonline
Winds of change
- The world has experienced recurring plagues, economic upheavals, revolutions and wars, despite best efforts of the authorities to minimize or avoid them.
- Trump astutely rode a red wave by promising struggling Americans a brighter future, and is set to chart a widely different course when he assumes office in January.
- China is also facing dire straits due to an aging population, spiraling deflation, widespread real estate bust, shrinking export markets, decoupling by western partners, and worsening diplomatic relations with neighboring countries.
- The Philippines has a young and dynamic population, a consumption-led and demand-driven economy, and a democratic government that allows it to be more resilient in the face of changes.
- Philippines has a national debt of P15.89 trillion and the Philippine budget gap is expected to grow to 5.9% of the GDP next year.
- The country will continue to be hounded by persistent inflation, and available resources and funds for critical investments and infrastructure will become even more scarce and difficult to secure.
- For the Philippines, it will take much prudence, effort and determination, not only on the part of its leaders, but also its citizenry, to face these challenges and threats.
- Every new year offers a fresh start, and Filipinos possess innate patience, talent as well as steadfast faith in the Almighty.
- These qualities will help steer the country's course for a better future.
- Ultimately, it is our daily choices — and our electoral decisions — that determine whether we merely survive, or thrive amidst the winds of change.
Read Full Article
10 Likes
For uninterrupted reading, download the app