INDEPENDENT financial services and investment house Unicapital Group is forecasting gross domestic product (GDP) growth at 5.8 percent to 6 percent for fiscal year 2024 as consumer spending increased due to lower interest rates.
"We believe that there will be a favorable economic landscape, in the next coming quarters as well as in 2025, given the easy and key policy rates in the Philippines," Unicapital Deputy Head of Research Wendy Estacio-Cruz said at a media briefing on Wednesday.
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