Is BBM’s Anti-China Posture just a DISTRACTION to cover up the slowdown of the Philippine Economy under his Administration in Q2 2023?

GMA News: Philippine Economic Growth slows down further at 4.3% in Q2 2023

Buried in all the Anti-China HYPE and News lately is the fact that the Philippines missed it’s Gross Domestic Product (GDP) Growth Rate Target of 6-7% in Quarter Two (Q2) of this Year of 2023, growing instead to only 4.3%. 

This is almost 2% lower than the lower end of the Government’s Target and the slowest Growth in nine Quarters or since 2021. Remember though that in 2021, the Philippines was still at the height of the Corona Virus Disease 2019 (Covid-19) Pandemic, whereas in Q2 2023, the Pandemic was already towards the end of it. 

In Comparison, the GDP Growth Rate in Q2 2022 was at 7.5%. The slow GDP Growth Rate in Q3 2023 also marked the fifth straight Quarter that the GDP has decelerated or slowed down. The slowdown in the Economy is due mainly to BBM’s inability to properly control the Inflation Rate in the Country by other means, solely relying instead on the Central Bank (CB) to raise its Interest Rates to stop or lower the Inflation. 

The BBM Administration also Underspent in the First Half of 2023 by 6.6%, thereby contributing also to the slowdown in the GDP Growth Rate. 

Now if BBM is really using the China Issue to DISTRACT Filipinos from the Economic Problems, then it seems to have WORKED as the Pro-United States (US), Anti-China Pinklawans have not talked about it, constantly talking instead about “China This, China That”. 

This reminds me very much during the Time of AbNoy Panot Benigno Aquino III wherein he did basically the same thing, using “China” as a Distraction for his Administration’s Failures, and it is happening again now. 

The Problem with this approach though is that its gains will only be Short Term as Junior will be giving up also the Loans, Grants and more Trade Opportunities with China that would’ve helped the Philippine Economy grow more. Of course China will retaliate by keeping those away from his Administration

SOURCE: Philippine Economic Growth slows down further at 4.3% in Q2 2023 {Archived Link}

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