Political noise

Economic managers are putting on a brave face amid the political turbulence that has swept the country.

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It's business as usual, and the impact of the ongoing political "noise" on the economy is "minimal," according to Socioeconomic Planning Secretary Arsenio Balisacan.

The magnitude of the impact will depend on how the issues that have surfaced are dealt with by the contending parties. Too many questionable acts and omissions have been dredged up and controversial statements issued. They are like toothpaste; they can no longer be put back into the tube. They cannot be swept under the rug in case political reconciliation occurs, however remote this scenario appears at this point.