The next President of the Republic is “very lucky” as he would inherit from President Gloria Macapagal-Arroyo a better economic climate, improved education for all and infrastructure projects that are vital to development. This is according to Philippine Chamber of Commerce and Industry (PCCI) President Sergio Luis Ortiz. He adds,”The next President is lucky to inherit a Republic with a better economic climate that has survived the global economic slump much better than its neighbors.”
Ortiz emphasized that Arroyo has worked hard and fast to practically reverse an economy fast on a decline when she inherited it by implementing fiscal and economic reforms. The result was an economy that has been continuously growing, achieving record-highs. Even with the global economic crisis that started last year, the country remained generally resilient due to the macroeconomic reforms instituted by the President. (PIA)