Business World published an article saying:
“”2011 is beginning of a new decade. It is also a critical year that could spell whether we would be able to press on the road to sustained strong recovery,” Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. said in a forum at the Makati Shangri-La hotel yesterday.”
Tetangco has set a tone. Three things he cited:
1. uneven economic growth.
2. unpredictable investor preferences.
3. market reaction to regulatory changes
When has it been a year that wasn’t critical?