Private consumption weak; Q3 growth seen slow

Quick Summary:

THE growth of the Philippine economy may have slowed in the third quarter of 2024 due to a slack in private consumption despite the easing of monetary policy, according to Moody’s Analytics.

BSP earlier said higher prices of food commodities such as vegetables, fruits, and fish will increase inflation in October.

Nonetheless, BSP said lower prices of rice and meat along with reduced electricity rates are expected to cushion the impact on inflation by higher prices of select food items.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Philippine Analytics Percent Consumption Quarter Posted Third Inflation Growth Private Moody’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 16:08:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23400346

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 75 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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