Philippine economy likely to see 'acceleration' due to easing inflation: economist

ABS-CBN News

<figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2665151' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div><p>The Philippine economy is expected to see “accelerated growth” in the second half of the year due to the downward trend of inflation that can boost consumer confidence, BPI Lead Economist Jun Neri said on Friday.</p><p>Gross domestic product (GDP) could grow by 6.5 percent or more this year, following 6.4 percent expansion in the first quarter, he said.</p><p>Inflation eased for the 4th straight month in May to 6.1 percent.</p><p>“After we saw the first quarter numbers you're pretty much encouraged now that inflation is starting to slow down sharply that we think will create more confidence for Filipino consumers to spend… We're actually looking at acceleration in the second semester,” he said.</p><p>The government expects GDP to grow by 6 to 7 percent this year.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/06/06/23/inflation-eases-for-4th-straight-month-to-61-percent-in-may'>Inflation eases for 4th straight month to 6.1 percent in May</a></li>	<li><a href='https://news.abs-cbn.com/business/05/11/23/philippine-gdp-grows-64-percent-in-first-quarter-of-2023'>Philippine GDP grows 6.4 percent in first quarter of 2023</a></li></ul>

<p>Inflation eased for the 4th straight month in May to 6.1 percent.</p><p>“After we saw the first quarter numbers you're pretty much encouraged now that inflation is starting to slow down sharply that we think will create more confidence for Filipino consumers to spend… We're actually looking at acceleration in the second semester,” he said.</p><p>The government expects GDP to grow by 6 to 7 percent this year.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/06/06/23/inflation-eases-for-4th-straight-month-to-61-percent-in-may'>Inflation eases for 4th straight month to 6.1 percent in May</a></li>	<li><a href='https://news.abs-cbn.com/business/05/11/23/philippine-gdp-grows-64-percent-in-first-quarter-of-2023'>Philippine GDP grows 6.4 percent in first quarter of 2023</a></li></ul>

<p>The Philippine economy is expected to see “accelerated growth” in the second half of the year due to the downward trend of inflation that can boost consumer confidence, BPI Lead Economist Jun Neri said on Friday.</p><p>Gross domestic product (GDP) could grow by 6.5 percent or more this year, following 6.4 percent expansion in the first quarter, he said.</p>

<figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2665151' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

The economy could see 'accelerated growth' in the second half of the year due to the downward trend of inflation, BPI Lead Economist Jun Neri said.

Philippine economy likely to see 'acceleration' due to easing inflation: economist | ABS-CBN News

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Philippine economy likely to see 'acceleration' due to easing inflation: economist

Philippine economy likely to see 'acceleration' due to easing inflation: economist