Under new Philippine president, what is next for the economy? | Counting the Cost

Al Jazeera English published this video item, entitled “Under new Philippine president, what is next for the economy? | Counting the Cost” – below is their description.

The Philippines has been battered by the pandemic and a deep recession. Now, after more than two years of lockdowns, people are returning to their everyday lives and the economy is expected to outpace its neighbours.

But there are serious challenges to achieving a robust recovery: inflation is rising and government debt is high. So all eyes are now on new President Ferdinand Marcos Jr’s economic policies.

Also, can the United States Federal Reserve engineer a soft landing for the economy?

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

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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