Americans were lately surprised to learn that the American economy, or at least the non-farm sector, has created an additional 180,000 jobs, a statistics that is supposedly beyond some analysts’ earlier expectations.
That’s good news to the Philippines as well. America accounts for about 17 percent of the Philippines’ merchandize exports. A buoyant American economy could translate to a rising Philippine exports, greater economic activities, and more jobs within our borders. The American economy has long been a major driver of global economic growth and progress. Should that trend continues, we will have a buoyant global economy for which we could anchor our hopes for higher and job-creating GDP. I’m crossing my fingers.