Retail sector sees 20% contribution to GDP

By Janine Alexis Miguel

Sep 02, 2024 12:17 am

THE Philippine Retailers Association (PRA) has projected the retail industry's contribution to the country's gross domestic product (GDP) will continue its upward trajectory.

'We feel that by the end of 2024 to early 2025, it should move up to about 20 percent,' PRA President Bobby Claudio told reporters at the sidelines of the 30th National Retail Conference and Stores Asia Expo last August 29.

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