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Inflation may top 8% on Super El Niño - BusinessWorld Online
Chinabank Research said a severe El Niño could add 1.57 percentage points to inflation and cut GDP growth by 0.81 point.
Summary by bworldonline.com
8 Articles
8 Articles
Severe El Niño episode seen to worsen inflation, growth
MANILA, Philippines — An intensifying El Niño could further complicate the Philippines’ fight against inflation, with a severe episode potentially pushing price growth above 8 percent while adding to the strain on an already weak economy, according to Chinabank Research. In a commentary, Chinabank said El Niño could add 0.25 percentage points (ppt) to headline inflation
GODZILLA EL NIÑO: Philippines Central Bank Runs Emergency Scenarios as Inflation Explodes to 3-Year High
The Philippine central bank is war-gaming a monster El Niño on top of a Middle East oil shock, as inflation hits a three-year high and the IMF slashes the country's growth outlook.
According to CNBC, the central bank of the Philippines prepares for an extreme El Niño, with worse impact on prices between November and February
Coverage Details
Total News Sources8
Leaning Left2Leaning Right1Center3Last Updated50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
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