Filipino consumers’ level of confidence in terms of buying power remained downbeat due to low income and fewer jobs amid high inflation and depreciated peso.
In its latest fourth quarter Consumer Expectations Survey (CES), the Bangko Sentral ng Pilipinas (BSP) said consumer sentiment was more pess
The Bangko Sentral ng Pilipinas (BSP) expects a balance of payments (BOP) deficit of $4.3 billion this year, reversing an earlier estimate of $700 million surplus, due to global uncertainties amid the Russia-Ukraine war and from the effect of higher import demand as the local economy starts to open