'Stagflation' no big threat to economy

By Mayvelin U. Caraballo

Jun 17, 2022 12:19 am

THE Bangko Sentral ng Pilipinas (BSP) said 'stagflation' — a state of slow growth, high unemployment and rising inflation — does not pose an immediate threat to the Philippine economy.

It voiced hope in the Philippine economy's long-term recovery in a statement released on Thursday, citing stronger-than-expected gross domestic product growth of 8.3 percent in the first quarter of 2022.

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