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We often hear from private and government economists the term demographic dividend that our nation is now reaping or about to earn in the coming years. Economic experts do not doubt this a bit. The Philippines has a big and young population—an economic asset that must be nurtured and exploited.

The traffic was horrible and I was stuck inside my car for what seemed like forever. I was looking outside and my mind was wandering when a familiar song suddenly played on the radio. “We skipped the light fandango” it began. It was A Whiter Shade of Pale which was released in 1967 and performed by Procol Harum. It brought back a lot of memories. I think I was 18 and I remember it was always playing on the radio and everyone was singing or humming it.

Our economic growth story is intertwined with inflation. Rising prices curb consumer spending and make a dent on economic growth. Such adverse economic data serve as fodder for critics and naysayers of the administration.