Pantheon Macroeconomics

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9th May 2023 14:57Emerging Asia, Daily Monitor

  • Growth in the Philippines’ volume of sales index fell below zero in March, the first red ink since 2021.
  • The details show that discretionary spending is buckling faster, with sources of support now fading.
  • These data bolster our conviction that tomorrow’s Q1 GDP report will disappoint with a 4.8% print.

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Keywords for: 10 May 2023 Emerging Asia Monitor

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