OPINION | The Top 10 fiscal and monetary news stories of 2022 By Bienvenido S. Oplas, Jr. READ:
By Bienvenido S. Oplas, Jr.ere is this column’s assessment of important macroeconomic events this year especially in the fiscal and monetary sectors, five global and five national. Covered are the major economies in the world arranged by region, and biggest GDP size per region.The Group of Seven industrialized countries — the United States of America , Canada, Japan, Germany, the United Kingdom , France, Italy — renewed their growth slowdown this year after a modest recovery last year.
5. There have been huge interest rate hikes by central banks to control inflation, currency depreciation worldwide. 6. The Philippines in the top five fastest growing economies among the world’s top 50 largest economies. One, President Ferdinand Marcos, Jr.’s lifting of all forms of COVID-19 lockdown in the country. Two, the formation of a competent, experienced economic team led by Finance Secretary Benjamin Diokno, Bangko Sentral Governor Felipe Medalla, Economic Planning Secretary Arsenio Balisacan, and Budget Secretary Amenah Pangandaman.
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