Consumption recovering in PH

Nov 18, 2024 12:22 am

DOMESTIC consumption appears to be recovering with inflation having receded and as wages and jobs gain momentum, Bank of America (BofA) said, and slower price growth will likely prompt the Bangko Sentral ng Pilipinas (BSP) to keep cutting key interest rates next year.

'Consumption growth looks to have bottomed in early 2024' and 'may be a better contributor to GDP (gross domestic product) growth going forward,' the bank said in a November 13 report.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

PH hit seen from reciprocal tariffs

Injap Sia pledges P10M to match PERA accounts

Trump tariffs could upend global trade

Nickel producers air export ban concerns

PPP list expands to 176 projects worth P2.47T

Tariff worries pull down stocks, peso

Add to heart: The evolving business of Valentine's Day shopping