Positive Growth and Contained Inflation (Although Uneven Performance) Until the Early 1990s Percent 45 Marcos Aquino Ramos administration administration administration 40 35 30 Average inflation, consumer prices 25 (annual %) 20 15 10 5 0 Average GDP growth (annual %) -10 1970 1972 1974 1976 1978 1980 1982 1984 1986 198 8 1990 1992 1994 1996 Year