17/10/2012
The Philippines to enjoy low inflation until 2016
The Philippines is said to enjoy low inflation until 2016, according to economist Victor Abola from the University of the Asia and the Pacific. Amidst the upswing in the commodity prices, the expected low inflation is said to contribute to the growth targets. The government targets inflation to be around 3 per cent to 5 per cent every year until 2016, while economic growth targets are expected to peak at 7.5 per cent to 8.5 per cent also by 2016, writes Cai Ordinariom for Rappler.
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