The year 2007 was typically turbulent for the Philippines. Violence-plagued mid-term elections produced a stinging defeat for President Arroyo's Senate team, while corruption scandals spurred another impeachment attempt. The economy was relatively robust, but concerns remain about the country's fiscal health and the long-term effects of a strong peso.
- ©© 2008 by The Regents of the University of California. All rights reserved.
Errata: In the September/October 2016 issue (volume 56 number 5, pages 836 and 849), there was a technical printing error in Figures 1b and 2 of the article by Ajay Raina that resulted in a loss of data on the graphs. This online article contains the restored figures in their original, correct state. The error is regretted.