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Philippines Monthly Economic Developments (March 2022) (Английский)

The Russia-Ukraine war has rattled investor sentiment, immediately impacting the local stock and foreign exchange markets. While inflation remained steady in February, fuel prices have further risen prompting the authorities to rollout fuel subsidy and discount programs. The deteriorating external environment comes at a time of improving domestic conditions. COVID-19 cases have significantly gone down, and a shift to less strict alert level 1 in many...
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