Posted inPhilippines

Peso rally isn’t all it seems in the Philippines

The Covid-19 disruptions of 2020 are creating upside-down scenarios few saw coming, including a very counterintuitive rally in the Philippine peso. The Philippine economy is flagging, Manila’s debt load is rising and a new wave of coronavirus infections is dimming 2021 economic prospects. And a bloody war on drugs is turning off longer-term investors. Yet […]

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