HOUSEHOLD spending growth in the Philippines is expected to slow this year as elevated inflation, weak consumer confidence, and higher oil prices due to the Middle East conflict weigh on purchasing power, Fitch Solutions unit BMI said.
In a report on Monday, BMI trimmed its projection for household spending growth in the Philippines to 4.4% this year from its 4.5% estimate in February.
The latest forecast also points to slightly weaker consumption growth compared with the 4.6% recorded in 2025.
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