The good news is that the Philippine economy grew by 6 percent (real GDP) in the third quarter of this year, which is marginally higher than the 5.8 percent growth rate in the second quarter, and higher than the 5.5 percent growth rate in the third quarter. The bad news is that at this rate, we will definitely not attain the 7-8 percent growth rate that the government set for 2015. To achieve that, we have to grow by 11.2 percent in the last quarter to hit 7 percent, and by 15.2 percent to hit 8 percent.