Turning currency depreciation into a catalyst for upgraded jobs

MANILA, Philippines — Currency depreciation, a weaker peso, is often treated in the Philippines as either a blessing or a curse—celebrated when exports rise and , lamented when fuel and food prices climb. This framing misses the deeper issue. Exchange rate depreciation does not create growth. It changes relative prices. The real question is whether […]... Keep on reading: Turning currency depreciation into a catalyst for upgraded jobs

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