
Originally Posted by
jut703
I am asking your personal analysis. It's impossible that you have no discernment of your own about matters of national interest. I'd like to know how you evaluate the credibility of a particular source.
Also, this isn't about any political color. I don't know where you got that notion, but I'm only commenting based on the economic situation and not about political affiliation.
The situation you're painting is actually important in establishing the context of the situation - Up until a year ago, the Philippines was handily outperforming its ASEAN peers. We were Asia's Bright Star. Our currency was stable because aside from domestic consumption, we were bolstered by our strong OFW remittances.
This was, and is, our competitive advantage compared to other ASEAN countries. However, even if our growth story remains intact even today, a big factor that has changed is our political stability. We received credit upgrade after credit upgrade back then because financial institutions deemed us worthy of investment because of the conducive political and economic environment in the country. People like putting money in places where they can accurately forecast the trajectory of their investment.
Today though, our government's rhetoric is very brash and wishy-washy. We bypass processes if it serves the objective of the administration, and we hide behind it if it's something that isn't a priority. This unpredictability is scaring investors away, and instead of investing in the Philippines with its optimal demographic and economic position but unstable outlook, foreign funds are looking to safer havens.
Now, the Trump administration has also been a factor in the slump of the Peso. Money is coming back into the states because that's what their administration wants. However, it affects us more than other ASEAN peers partly because of the political uncertainty that we have today.
Now I go back to asking your opinion, which narrative makes more sense to you and why? Like you said, let's remove political color and just focus on logic and facts.
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