8 July 2022 Inflation is Biting Hard, with Filipinos Relying on--Already Low--Savings

Miguel Chanco (Chief EM Asia Economist)7th Jul 2022 15:02Emerging Asia, Daily Monitor

Year-over-year sales growth in the Philippines is slowing fast, catching-up with short-term trends...

...And this in spite of the fresh drawdown in savings, underscoring the acute pinch of rising inflation.

Dissaving accelerated in 2021, with the stock ending the year 12% below the pre-Covid trend.

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gdp report q2 sales growth savings

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Keywords for: Inflation is Biting Hard, with Filipinos Relying on--Already Low--Savings

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