Tetangco on the state of the Philippine economy

In the speech 'The state of the Philippine economy and policy directions of the Bangko Sentral ng Pilipinas' given on 17 May Amando Tetangco of the Bangko Sentral ng Pilipinas said we are hopeful that the reform agenda we have embarked upon will help us sustain our growth track.

"However, you and I know that appropriate policy reforms of government do not by themselves translate into desired growth in output and incomes. The success of policymakers' efforts to sustain economic growth depends on

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