Weak private consumption may have slowed Q3 growth

Quick Summary:

THE Philippine economy may have slowed in the third quarter of the year due to tepid private consumption, according to ANZ Research.

Earlier, the BSP said more expensive food items may have increased inflation in October compared to September.(See: /).

In its Asia Macro Weekly report, ANZ Research said the country’s GDP may have slowed to 5.7 percent in the July to September 2024 period.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: October Percent 2024 Inflation September Growth Food Research Quarter Consumption Posted

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 16:16:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23383787

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 12 hours ago

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