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The Philippine economy has faced several challenges, including high inflation rates, which have eroded purchasing power and increased the cost of living. Additionally, natural disasters, such as typhoons and earthquakes, frequently disrupt agricultural production and infrastructure, leading to economic setbacks. The COVID-19 pandemic also significantly impacted various sectors, particularly tourism and retail, resulting in job losses and reduced economic activity. Lastly, issues related to governance and corruption have hindered foreign investment and economic growth.

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