Declining inflation rates are a trend shared by all major economies around the world. It is only in Japan, however, that prices in terms of the CPI excluding food and energy (the corecore CPI) have been falling. The main reason for this is the large output gap, which has remained consistently negative since the second half of the 1990s.
Only 48% of adults save, but 7 in 10 savers keep their savings at home. Of the 22% of Filipino adults who avail loans, 4 in 10 do so through informal sources. As such, it is necessary to bring the unserved and underserved into the national economy. The signing into law of Republic Act (RA) No.