DOF: As inflation slows, PH economy to make comeback in 2019

With inflation seen to ease and return within government target this year, economic growth is expected to "pick up steam" in 2019, according to the Department of Finance (DOF). In a statement, the DOF said it was attributing expectations of a "marked slowdown" in headline inflation this year to the "prompt and decisive" measures undertaken by the economic team last year after the rate of increase in prices of basic commodities hit over nine-year highs. "When inflation spiked in 2018 to above 6 percent starting in August, the Cabinet's economic development cluster (EDC) led by Finance Secretary Carlos Dominguez III recommended a slew of measures that would help ease the impact of el...Keep on reading: DOF: As inflation slows, PH economy to make comeback in 2019

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