Consumer spending seen growing by 6.4%

May 10, 2024 12:33 am

DESPITE elevated inflationary pressures and high levels of debt weighing on consumer spending, a Fitch Group unit said that the outlook remains positive with a projected growth of 6.4 percent for this year.

'We have a positive outlook for consumer spending in the Philippines with an acceleration in real household spending growth,' BMI Country Risk & Industry Research said.

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