BUSINESS and consumer sentiment both dove in the fourth quarter, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, with high prices said to have been a major dampener.
“The fourth quarter 2018 outlook of businesses and consumers both weakened as firms and households became more conscious due to relatively high commodity prices,” BSP Department of Economic Statistics director Redentor Paolo Alegre Jr. said in a briefing.
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