Under new Philippine president, what’s subsequent for the financial system?

“Source of This Article:- “https://www.aljazeera.com/program/counting-the-cost/2022/5/14/under-new-philippine-president-whats-next-for-the-economy

From: Counting the Cost

Ferdinand Marcos Jr has gained the presidential election, however there are demanding situations to succeed in tough financial restoration.

The Philippines has been battered via the pandemic and a deep recession. Now, after greater than two years of lockdowns, persons are returning to their on a regular basis lives and the financial system is anticipated to outpace its neighbors.

But there are critical demanding situations to succeed in a powerful restoration: inflation is emerging and govt debt is top. So all eyes at the moment are on new President Ferdinand Marcos Jr’s financial insurance policies.

Also, can the United States Federal Reserve engineer a cushy touchdown for the financial system?

Plus, Andy Warhol’s iconic Marilyn Monroe portray sells for a document $195m.


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