MANILA, Philippines — The government expects inflation to further slow down in 2019 following the implementation of measures recommended by economic managers to ease price pressures, according to the Department of Finance (DOF). In a statement, Finance Secretary Carlos Dominguez said the “government responded decisively to the challenge posed by elevated inflation rates this year.”As a result, Dominguez said the government sees inflation easing further next year. In addition, the DOF said the implementation of these measures have prompted analysts and economists from banks and institutions to lower their inflation forecasts for this year and next year. S&P sees a 6.4 percent economic growth for the Philippines next year from a 6.2 percent forecast for 2018, while Nomura Global Research projects growth improving to 7.1 percent from 6.3 percent. “Inflation expectations have also steadied given the decline in international crude oil prices and the stabilization of the peso,” he said.

Source: Philippine Star December 30, 2018 16:03 UTC