PHILIPPINE CONSUMER SPENDING is expected to rebound this year amid easing inflation and improved labor conditions, Fitch Solutions unit BMI said.
“We have a positive outlook for consumer spending in the Philippines in 2024,” it said in an e-mailed commentary on May 8. “Easing inflationary pressures, a slightly favorable labor market and lower interest rates form the base for consumer spending growth.”
BMI sees household spending expanding by 6.4% this year.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.