Economic AffairsAsia News Network

High growth, higher inflation, higher interest rates on the cards for Philippines

Aside from oil prices, climate change and typhoons could likely exert more pressure on the country’s inflation rate.

Urbanization and digital economy are expected to generate new room for growth in the next 10 to 15 years.

Experts say the country needs to be wary of imported inflation risks, and rising global commodity prices due to supply fears.

The writer says a closer-knit political-economic union within the RCEP would give ASEAN more clout in the trade block.

The Khmer Swiftlet Association aims to bring the product to a broader audience and guarantee higher selling prices for the sector.

The biggest value of Thai exports for which the certificate was sought under RCEP was to Japan, totalling Bt540.36 million.

Analysts said oil prices might hit $200 a barrel before March ends, which could translate to local pump prices of up to P100 a liter.

The department encouraged the stockpiling of agricultural products but said the country had sufficient inventory of manufactured items.

He pointed out that the Philippines had weathered “very well” other previous conflicts such as the first Russia-Ukraine conflict in 2014.

The Chinese central government will continue to implement its employment-first policy to stabilize the job market in 2022.