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Retailers still bullish on growth outlook

RETAIL RECOVERY. Philippine Retailers Association (PRA) president Rosemarie Ong delivers her opening remarks during the 28th National Retail Conference and Stores Asia Expo 2022 at the SMX Convention Center in Pasay City on Thursday (Aug. 11, 2022). The PRA is optimistic the retail sector's recovery will continue despite the rising inflation. (PNA photo by Joey O. Razon) MANILA - The Philippine Retailers Association (PRA) remains optimistic with the retail sector's growth trajectory despite the rising inflation rate. During the 28th National Retail Conference and Stores Asia Expo 2022 in Pasay City Thursday, PRA president Rosemarie Ong said the sector is getting back from the setbacks of the pandemic and is "showing dynamic growth recovery" amid challenges, such as inflation and supply bottlenecks. Inflation rate in July was 6.4 percent, higher than the 6.1 percent in June. The rising inflation also tamed the country's gross domestic product (GDP) growth in the se

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