It has been noted that the foreign reserves of the country has been at its lowest this period. Thus, the situation would mean a not desirable standard condition for the country that it will not be able to function well in its services and obligations that requires dollar issuance's.
In all, the outlook is not very good, yet there should be actions needed to be taken to avert and return back to a healthy condition for the country, its economy, that would affect people.
According to the report, our global trade is weak, that thereby makes foreign currency earnings of the government pegged at its minimal growth.
Considered at this period as at 9 month low, does mean that the current administration though not at fault, our foreign obligations for loan payments marred by the falling peso makes the reserve depleting.
Emphasis must be given to the our global trade as the main source that foreign reserve will grow. Our industries, manufacturing sector is still weak, being not an industrialized economy, we'll need to scale up to that medium to seek global business with the rest of the world to sustain and improve our economy.
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