BusinessWorld E-paper
May 24, 2023
PHILIPPINE ECONOMIC growth may slow to below 6% in the second quarter, as elevated inflation continues to dampen consumer spending, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report.
“We expect only a mild slowdown in Q2 by around 0.5 percentage points or slightly below 6% year on year, as the elevated inflation rate eats in consumers’ purchasing power,” they said in the May issue of The Market Call.
