But of course, the reconfiguration, the amalgamation, the regions will take over that” (The Manila Times, September 8, 2018). Figures are much easier to understand—like the inflation rate surpassing the economic growth rate. Aside from the high inflation rate that is making already struggling Filipino families struggle even more to make ends meet, the shortage of gainful employment opportunities is dragging the country away from its path towards poverty eradication. Economic growth has no higher purpose than to foster welfare and prosperity for the people, if not in the immediate term, then at least in a not-too distant future. The high inflation rate threatens the gains.

Source: Manila Times September 09, 2018 16:30 UTC