BPI eyes 6.3% economic growth for 2023

By Philippine News Agency

Jun 25, 2023 12:13 am

AYALA-LED Bank of the Philippine Islands (BPI) projects a 6.3-percent growth for the domestic economy this year and 6.5 percent for next year, seen to be buoyed by increased spending as inflation decelerates further.

In a virtual briefing on Friday, BPI chief economist Jun Neri said discretionary spending is now expected to increase as the rate of price increases continues to post slower growth.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Auto sales steady in August

BSP expected to cut reserve requirement

PEZA approves P16.2B in projects

Tiu Laurel cautiously upbeat on agri output

SEC vows to maintain ownership transparency

PH emerging leader in digital payments

Study tags top worries of young Filipinos