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Duterte shaken by inflation storm

Facing risk of election losses, Philippines leader must not resort to populist handouts

| Philippines
Philippine President Rodrigo Duterte must resist the temptation for giveaways to prop up his popularity.   © Reuters

Ahead of the Philippines' crucial midterm elections, where as many as 18,000 elected offices are up for grabs, President Rodrigo Duterte is grappling with an economic conundrum.

After years of moderate inflation and high growth, the Philippines has become the regional "inflation king," posting the highest inflation rate among key economies in the Asia-Pacific.

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