Yes that is how the media and different data sound now. better economy. The peso is weeks strangthening against the US dollar. The forecast by international finance organizations are upbeat. Perhaps, it is true. it is very difficult to be certain about anything these days. But even bickering among politicians seem to have abated too. Finally killed? They are tired of bickering? Has the economic policies been right? who knows? Maybe, it will only be for a week. As a citizen commuting to work daily, i feel something has finally settled down.
But there is also something very artificial about it because the strengthening of the peso is mainly due to greater remittances of Filipinos working overseas. Locally there has been no increase in manufacturing. Doctors continue to leave the contry for better pay abroad. . . . . . . . . I will update you with policies and developments in the philippines when i finish my exams.