THE Foundation for Economic Freedom (FEF) has provided the Marcos administration with policy recommendations that will guarantee the Philippines' sustained economic growth in the face of rising inflation and depreciating local currency.
Romeo Bernardo, vice chairman of the FEF, said during a press conference held by the organization on Friday that the Philippines must be able to stimulate more investments in order to achieve at least 6 percent to 7 percent economic growth because a domestic output driven by consumption cannot be relied upon in the current environment of widespread job loss, high inflation and a global recession.
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