President Ferdinand Marcos Jr. on Thursday said he was optimistic that the Philippine economy would not dive into a recession despite a 14-year-high inflation of rate of 8 percent recorded in Novem…
President Ferdinand Marcos Jr. on Thursday said he was optimistic that the Philippine economy would not dive into a recession despite a 14-year-high inflation of rate of 8 percent recorded in November.
Marcos also assured Filipinos that his administration is looking for ways to cushion the blow of soaring prices among basic commodities. “There is still inflation that is running rampant and out of control… The main drivers of that inflation are unfortunately imported, it is still imported inflation,” he told business leaders during the Arangkada Forum of the Joint Foreign Chambers of the Philippines in Pasay City on Tuesday.
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