Weak confidence clouds PH spending outlook

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Originally published byPhilippine Daily Inquirer

MANILA, Philippines – Weak consumer confidence is threatening to drag Philippine household spending this year as the oil crisis continues to drive up inflation and erode purchasing power, BMI Research said. In a recent commentary, BMI, a unit of the Fitch Group, downgraded its household spending growth forecast for the Philippines to 4.4 percent in […]...

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