Philippines Consumer & Retail Q1 2019
Despite the gradual economic slowdown, we continue to hold a bright outlook for the Philippine consumer, supportedby strong remittance inflow and falling levels of and unemployment. We do however caution that rising price pressures pose a slightrisk to consumption as inflation remains a firm uptrend due to higher excise taxes, rising global oil prices, and robust domesticdemand. Consumer confidence in the country has also taken a hit on the back of these factors which will continue to weigh onconsumption over the medium term to 2022.
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