Monday, April 1, 2013

MLA TIMES: TIGLAO
- Arroyo's fiscal management in fact permitted govt to devote a huge P330B for the stimulus-packaged called the Economic Resiliency Plan. The result, as the IMF put it in its 2009 "Article IV Consultations" report: "Fiscal policy easing in 2009 was appropriate and effective... so that the Phils avoided a recession many countries experienced as a result of the global financial crisis."

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