Exports for the month of August fell 4.8% y-o-y compared to last year's, surprising many people, although 8m07 still showed a 4.3% growth over the same period last year.
Why should it be a surprise, the unabated strength of the peso is clearly affecting the export sector's competitiveness. It is something that should be expected.
Are we looking at the peso soaring towards the PhP43 territory?
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