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Paraguayan Border Towns Hit Hard by Argentina's Economic Turbulence

The border town of Nanawa in Paraguay, once bustling with shoppers seeking cheap Argentine imports, has turned into a ghost town due to soaring inflation and currency devaluation in Argentina. Local shopkeepers report drastic sales drops as prices for goods, including beef and daily necessities, have surged dramatically.
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'Food, oil costs could rise on peso decline'

THE weakness of the Philippine peso may lead to higher food and oil costs in the Philippines, according to local economists and analysts. Some analysts, such as Rizal Commercial Banking Corporation (RCBC) Chief Economist Michael L. Ricafort, told BusinessMirror it could lead to inflation averaging 4 percent in June and…
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