Philippine economy can withstand higher interest rate of US Federal Reserve

Written by M.R. Faith on

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QUEZON City, Philippines (Eagle News) — Malacañang allayedfears of the business sector regarding the interest rate hike implemented by the United States Federal Reserve.

According to Finance Secretary Carlos Dominguez, the country’s macroeconomic fundamentals remain strong and that the Duterte administration has many massive infrastructure projects that will bring in needed cash.