Read this in The Manila Times digital edition.
Colossal structural shifts are taking place in the global economy, as evidenced by the huge challenges during the ongoing year. In 2023, China seeks recovery, but the West — the US, the Eurozone and the UK, and Japan — will cope with recession and the specter of a debt crisis.
RECENTLY, the Marcos government has sought to "re-recalibrate" former president Duterte's foreign policy. In practice, this has meant an effort to exploit China's economic rise, while benefiting from the West's geopolitics in Asia.
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