Economist says weakening peso nothing to worry about

ABS-CBN News

Posted at Jun 23 2022 11:53 PM

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A former chief economist of the Philippine government claims the declining value of the peso will benefit the country.

But Professor Solita Monsod clarified the Philippines needs to achieve a favorable trade balance to offset the negative effects of the peso's weakness. - The World Tonight, ANC, June 23, 2022