Tag Archives: bubble panic

Bubble

Our Economic Growth is Not a Bubble, and How Bubble-Panic Makes Things Worse

This is a reaction to Jesse Colombo’s Forbes article “Here’s Why the Philippines’ Economic Miracle Is Really A Bubble In Disguise” published here.

First things first, to make things clear, our recent economic growth is not a bubble. However, let me nuance this judgment – it is only good for a year. If the economy goes on a different trajectory (say, inflation spikes to double digits or real estate loans double in a year), or goes on with worrying bits of the current trajectory (say, liquidity continues growing at 30% annually), then the judgment will not hold.

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