Recent disinformation claiming the Philippines is in a state of stagflation has been circulating, but experts say the term is being misused. In an article by Philstar Biz, the author argues that those making such claims do not understand the term nor can they quantify it.
Stagflation refers to a combination of high inflation and stagnant economic growth, which is not the case in the Philippines. The country continues to show growth, albeit with some inflationary pressures, but not at levels that would indicate stagflation.
In contrast, Vietnam is experiencing high industrialization, further distancing itself from any stagflation concerns. The comparison highlights the difference in economic trajectories between the two Southeast Asian nations.