00:00The reason that we had that is that there really was a downturn in economic activity.
00:07You have to remember that it's not only because of these problems.
00:12Yung bagyo, yung nawala na working days sa ekonomiya natin because of climate change.
00:24And you have to also remember the situation, the global situation.
00:29We are not the only ones suffering the shocks that come from the new trade structure that has been imposed on the rest of the world.
00:39And so we are all adjusting to that.
00:41Kaya yung mga growth rate na lahat ng grupo all around the world is falling.
00:50But we are, marami tayong measures na iginawa because the public spending now will be increased and to make sure that by the end of the year,
01:02that the levels of public spending are according to our original plan.
01:08So, mababawi natin yung nawala sa third quarter.
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