Business | Wednesday, 24 May 2023 at 12:27 am
Private sector economists, economic growth in the second quarter of this year, the highest inflation can still be moderate with the restriction of consumer expenditures, he said. "The first Metro Investment Corp. and Asia and Pacific analyst, said in the May issue of the market call report. Inflation fell to 6.6 percent in April after reaching 8.6 percent of the highest level of 14 years in January. With this, it is expected to remain above the target of Bangko Sentral NG Pilipinas until the third quarter. UA & P and FMIC economists, "Inflation in the 4th quarter on average by 3.3 percent continues to decrease in the economy H2 ."Said. However, in the midst of the second quarter slowdown, they said that the service sub -sector, such as transportation and storage, accommodation and food services can publish "muscular growth". news I accept that I have read and accepted the conditions of service and privacy policy, register with a E -Posta address, register for the daily bulletins of Manila Times. "The services sector will continue to lead to growth," he said, "As more Philippine dinner eats and revenge tourism expands even more." In the meantime, construction, Metro Manila Subway, North-South Suburban Railway, South Motorway extension and other important projects and important public-private partnership projects, such as "growth race should take a polar position". In April-June period, hot and dry air will lead to increasing work in large ticket projects and also encourage travelers to encourage the coast and cooler places such as Baguio in the north to boss. "Those who contribute to employment and slower inflation should unite to strengthen more robust consumer expenditures prevented by higher inflation."Said. When it comes to the pesto dollar ratio, the "depreciation mode" will remain with the currency to be weighed by the great trade deficits, and Bangko Sentral NG Pilipinas "and the Fed will not take steps. The US Federal Bank increased interest rates again at the beginning of this month while the BSP was paused. The economic growth of the Philippines fell to 6.4 percent in the first quarter, but it performed better than a steep decline forecasts due to high inflation and interest rate increases. However, it was 8.0 percent compared to the previous year and 7.1 percent in the last three months of 2022. The government aims to grow 6.0 to 7.0 percent this year from the result of more than a result of the 2022 target. Gotopnews.com
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