Read this in The Manila Times digital edition.
THE country should prioritize avoiding severe exchange rate fluctuations as economic activity is expected to weaken next year given global headwinds, according to a Philippine Institute for Development Studies (PIDS) discussion paper.
Citing previous paper, authors PIDS senior research fellow Margarita Debuque-Gonzales, supervising research specialist John Paul Corpus and research analyst Ramona Maria Miral said sharp peso depreciation makes the fight against inflation even more difficult.
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