Consumer spending seen rising next year

Nov 07, 2023 12:38 am

CONSUMER spending will likely pick up next year due to factors such as higher economic growth, a steady jobless rate, and easing inflation, a Fitch Group unit said.

'Our forecast for year-on-year growth in consumer spending in the Philippines over 2024 is in line with our country risk team's forecast that the economy will grow by a real rate of 6.2 percent year on year over the year,' BMI Country Risk & Industry Research said in a November 3 commentary.

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