In a gathering of local and international investors this morning, the President addresses that her administration will act with deliberate haste to address the economic challenges at a time of deepening global economic crisis.
The President assured the nation that the massive spending to further stimulate the economy and sustain economic growth will not be made at the expense of fiscal prudence.
Arroyo admits that the global financial crisis now appears to be worse than most people had anticipated. But she pointed out that she remains cautiously optimistic that the Philippines can be insulated from the full blow that most of the world is now experiencing. (PIA-MMIO)
