Private consumption weak; Q3 growth seen slow

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The story "Private consumption weak; Q3 growth seen slow" was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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Private consumption weak; Q3 growth seen slow - Business Mirror

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.