Ferdinand “Bongbong” Marcos Jr.'s vague approach to the Philippine economy is making investors nervous
of its 110 million people are between 10 and 24 years old) make it a desirable partner—especially if it could start to fulfill its economic potential. Whether that will be possible under Marcos remains to be seen. In a report released before the election, investment bank JP Morgan expressed misgivings over Marcos’ “lack of an articulated substantive economic platform” and flimsy record in government.
Concern has also been expressed over his proposal to revive some of his father’s economic initiatives, such as an oil price stabilization fund that the state eventually had to“Marcos tends to bring up many of the programs of his father in the hope of stealing people’s emotions and trying to evoke some false nostalgia about his father’s legacy,” says J.C. Punongbayan, assistant professor of economics at the University of the Philippines in Quezon City.
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