Report: Home, government savings recover, PHL total up 35%

Quick Summary:

THE country’s Gross Savings grew 34.97 percent in 2023, thanks to the recovery of household and government savings, according to the Philippine Statistics Authority (PSA).

Included in this report are production, consumption, income, gross accumulation, and economic transactions with the rest of the world.

These gross savings may be spent in 2023 or could also be spent this year, depending on the plans of households, businesses, and the government.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Government Accounts Households Disposable 2023 Gross Having Income Savings Pascasio Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 15:44:28 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21406141

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 12 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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Publisher ID: #37

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