This is mere illusion conjured by speculative money (portfolio funds) coming on top of the remittances of overseas contract workers and by the growth of conspicuous luxury consumption rather than by any growth in industrial and agricultural production.
Ito ay ilusyon lamang na nililikha ng salaping ispekulatibo (puhunang portfolio) na dumadagdag sa remitans ng mga migranteng manggagawa at paglaki ng gastos sa luho at hindi ng paglago ng produksyon sa industriya at agrikultura.