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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 11/Aug 16:09

High deficit-to-GDP ratio may prompt interest rate increase

INTEREST rates could further increase as the share of the government’s budget deficit to the overall economy rose to 4.9 percent in the first half of 2024, Leonardo A. Lanzona, Economics professor at the Ateneo De Manila University (ADMU), told the BusinessMirror.

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