OPINION | Here comes the Son [Introspective By Romeo L. Bernardo] READ:
am pleased to share excerpts from our Globalsource Partners quarterly forecast report , the summary page, and the concluding political section. GSP is a subscriber supported network of independent analysts in emerging market countries providing macro, financial and political risks analysis and forecast based in New York. Christine Tang and I are their Philippine Advisers.
Downside risks are significant, emanating mainly from the many risks in the global environment, including US recession risk from much more aggressive Fed policy rate hikes and the impacts on highly indebted economies and emerging markets, possible escalation of the war in Ukraine and sanctions on Russia that could cause not just energy prices to soar anew but food shortages and more export bans, as well as a further slowdown in world growth due to the knock-on effects and China’s strict...
For many, this is both good and bad: good, because he does not have the drive to become the autocrat that his father was; bad, because he does not have the vision to catapult his presidency to the heights afforded by his majority electoral win. In fact, the most worrisome political risk we hear now is that his may be a feckless presidency marked by indecisiveness and unresponsive leadership…