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MANILA, Philippines – Weak consumer confidence is threatening to drag Philippine household spending this year as the oil crisis continues to drive up inflation and erode purchasing power, BMI Research said.
In a recent commentary, BMI, a unit of the Fitch Group, downgraded its household spending growth forecast for the Philippines to 4.4 percent in 2026 from its earlier projection of 4.5 percent.
The figure, according to BMI, reflects a “cautiously optimistic outlook.”
READ: BMI cuts PH ’26 growth forecast to 4.7%
