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Ernie Abella ain’t worried about losing EU grant because economy growing ‘leaps and bounds’: I’m confident, aren’t you?

May 19, 2017 @ 10:23

Malacanang assured the public that there is nothing to get worried about the potential loss of $250 million in grants from the European Union, mostly for impoverished Muslim communities, because the Philippines can now stand on its own two feet with its economy growing by leaps and bounds.

“ You’ve seen the performance of the President with the past 10 months. We’re not disrespecting the aid that we’ve received but definitely we can… We have… Our track record shows that we’re doing — growing by leaps and bounds. ,” said Presidential Spokesperson Ernie Abella said in a briefing

“I think we need to gain a certain — a certain confidence in ourselves you know. And that this is exactly the kind of mentality I think that the President wants the Filipinos to avoid: a mendicant attitude, you know. We’re not giving you a spin. The economic results (show) that we are growing and, in fact, we are improving and we can manage. I am (confident). Aren’t you?”

When a reporter pointed out that the National Economic and Development Authority announced just hours before the briefing that the economic growth as measured by gross domestic product fell to its slowest in one year, Abella was unfazed: “It’s still leaping though…There are cycles of growth, right? But so far We are very much on the right track towards growth.”

The Philippine economy grew by 6.4 percent in the January-March 2017 period which was below estimates of 6.8 percent and the slowest since GDP grew by 6.3 percent in the October-December 2015 period.

“I suppose it all depends on the perspective regarding that. But right now, we are growing and right now we’re improving, and right now things are vastly being improved especially with the influx of investors coming from the region, coming from China, coming from Japan, coming from other areas,” sad Abella.

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