MSOpinion Hope “With inflation a supply side cost-push, there will be little respite, even if the Bangko Sentral pulls up the interest rates”
” continue to hope for the best. Which is why depression is not as severe among us Filipinos than it is with other countries.Another metric recently released by Martin Penaflor of Tangere tells us that one in two respondents were aware of the Maharlika Investment Fund.
Okay, so let us all be hopeful, even if all the signs, internal and external, give us little reason to hope.Let us wait for the report from the cash registers of our malls and supermarkets. From what I’ve been hearing, they are not as merrily jingling as businessmen expected them to be, despite revenge buying.Hong Kong is slowly reviving with Chinoys eating the seasonal hairy crab and all the culinary delights only the former Crown Colony can offer to the max.
Domestic travel is up, all part of the revenge travel syndrome after the sad lockdowns of almost three long years. And there are many balikbayans in town.With inflation a supply side cost-push, there will be little respite, even if the Bangko Sentral pulls up the interest rates. The president’s recent extension of tariff reduction on food items like rice, pork, chicken, etc., while criticized by our farmers, is an act of quantum caution advised by our economic managers who seem unconvinced the DA will produce miracles.
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