Economy 'in need of further support'

Oct 15, 2024 12:25 am

THE Philippine economy 'is in need of further support,' a London-based research firm said, warranting more rate cuts by the Bangko Sentral ng Pilipinas (BSP).

In a report released last Friday, Capital Economics noted that gross domestic product growth had slowed to 0.5 percent quarter on quarter, from 0.9 percent in the first three months of 2024, due to declines in private consumption and exports.

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