OPINION | Today’s topics: Economic briefing in Washington DC, PPP Center, Tariff Commission, and agencies with no secretaries By Bienvenido S. Oplas, Jr. READ:
Today’s topics: Economic briefing in Washington DC, PPP Center, Tariff Commission, and agencies with no secretariesOn Oct. 7, I was interviewed on theprogram of One News, Cignal TV which is hosted by very articulate broadcasters Danie Laurel and Jes delos Santos. The topic was about the impact of the OPEC+ decision to cut their combined oil production by 2 million barrels per day , from 43.8 mbpd until this October to 41.8 mbpd by November. Projected global oil demand is 100 mbpd.
on One News, Cignal TV. Thanks for the opportunity to discuss these economic numbers and their implications, Cito.Last Saturday, Oct. 15, another PEB was held in Washington DC.
Using the power and electricity demand for July-September of about 6-7% as a proxy for GDP growth, I see growth of 7-7.5% in Q3 and this will likely be sustained in Q4. So, the full year 2022 growth would be around 7.5%, not the 6.5% projection of the multilaterals. Given the huge annual budget deficit and net borrowings that started in 2020, many projects should be taken out of an “all taxpayers pay” scheme and be put under “only users pay” scheme. The PPP projects embody this principle and Ms. Hernandez — an engineer, economist, and financial advisor, a three-in-one brain — has the will and expertise to make this pivot of unburdening taxpayers while having big infrastructure projects.
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