About this document
Current Economic Issues in the Philippines by Hannah Nicole Lacanilao is a document available to read on EtoBox.
The Philippines is currently facing high inflation, which reached 8.7% in January 2023, significantly impacting economic growth and investment. Proposed solutions include implementing fiscal and monetary policies, raising excise taxes on non-essential goods, and improving tax collection to alleviate the burden on low-income earners. Additionally, the low minimum wage is exacerbating economic struggles, and raising it to a living wage is suggested to improve living standards and stimulate economic activity.
- Author
- Hannah Nicole Lacanilao
- Language
- EN