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Business > Top Business
Domestic spending to be key pillar of economy
by Niña Myka Pauline Arceo
Jan 18, 2024 12:26 am

THE Philippines' economic strength and resilience this year will be driven by its consumers, a HongKong and Shanghai Banking Corp. (HSBC) official said on Wednesday.

'Domestic consumer spending will be a key pillar of its economy due to a healthy labor market and strong wage growth,' said James Cheo, chief investment officer at HSBC Global Private Banking and Wealth Southeast Asia and India.

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