The political cycle is said to greatly impact the economic cycle. The relatively peaceful and decisive national elections last May bodes well for sustaining the country’s robust economic growth. The electoral process proved once again that Philippine democracy is stable and the politicians are mature enough to accept the verdict of the voters.
While President-elect Rodrigo Duterte wrested the support of the voters from the current ruling party, a smooth transition of power is expected; just like the political transition of President Benigno Aquino 3rd in 2010 even when his party was the staunchest critic of then-President Gloria Macapagal-Arroyo. Political realignment at the national and local levels has been observed in recent weeks, laying the ground for a fresh presidency with a strong mandate from the electorate.
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